09/17/2009 - Hard times are hitting the people of Philadelphia, one way or another.
The best-case scenario: Philadelphians will pay 14.3% more in sales taxes for the next five years. This is on top of earlier cuts that already reduced library hours, tree trimming, snow plowing and collection of tires and bulk items.
At worst, they'll lose their libraries, courts, playgrounds and senior centers. Residents will have nearly 1,050 fewer police officers and firefighters to protect them, and they'll have to hold onto their garbage for two weeks.
* * *
"Cities are offering services and paying salaries they can't afford at the moment," said Larry Eichel, project director for Pew Charitable Trusts' Philadelphia Research Initiative, a think tank focused on city issues. "Cities like New York, Chicago and Boston are all looking at big deficits for next year."
Read the full article Showdown Over Philadelphia Budget Crisis on CNNMoney.com.