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Fiscal Health and Tax Policies

Philadelphia’s fiscal health and tax policy affect the city’s ability to deliver critical municipal services while also retaining and attracting residents and businesses.

Pew’s work on these issues includes research on Philadelphia’s property tax collections, the state of the city’s underfunded pension system, Philadelphia’s record on preparing for revenue volatility, and whether tax incentives are producing the intended results. 

Issue Brief

How Philadelphia's Economy Is Recovering

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Issue Brief

In June 2022, The Pew Charitable Trusts assessed the status of Philadelphia’s economic recovery two years into the pandemic, identifying five key questions likely to determine the city’s future performance. Those questions concerned jobs, the level of remote work, the size of the workforce, the strength of the housing market, and the implications for an equitable recovery.

A food hall with dark steel beams, a variety of food stalls, and a large casual dining area in the center is crowded with people ordering and eating meals.
Report

Philadelphia 2023: State of the City

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Report

In 2022, increasing numbers of Philadelphians re-engaged in the more public aspects of urban life, commuting to their workplaces again, resuming indoor dining at area restaurants, and attending concerts and other events around town.

Looking up at Philadelphia buildings
Looking up at Philadelphia buildings
Issue Brief

5 Key Economic Trends for Philadelphia

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Issue Brief

This is a pivotal moment for Philadelphia. More than two years into the COVID-19 pandemic, the decisions local leaders make now—about attracting and retaining residents, bolstering the workforce, and adjusting tax structures to reflect new realities like remote work—will greatly affect Philadelphia’s ability to thrive and become a more equitable city.

Masked restaurant worker
Masked restaurant worker
Issue Brief

4 Possible Scenarios for Philadelphia’s Economy

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Issue Brief

Through its Philadelphia’s Fiscal Future series, The Pew Charitable Trusts, in collaboration with the William Penn Foundation, is exploring the various possibilities that lie ahead for the city’s finances and economy.

OUR WORK

Article

How to Make Tax Incentives More Effective for Cities

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Article

For many years, Philadelphia has awarded businesses hundreds of millions of dollars in tax incentives to encourage them to create jobs, move into distressed neighborhoods, and otherwise enhance the local economy. But the city never had a formal system for regularly evaluating and adjusting the programs.

Article

Philadelphia’s Road to Pension Recovery

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Article

Philadelphia has taken steps to put its underfunded public employee pension system on what will be a long road to recovery. Will those efforts work, and can the city stick to the plan?