Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHILADELPHIA-The city is facing a tax revenue shortfall of $13.5 million this fiscal year, prompting a freeze on hiring and expenditures for supplies and equipment, officials said Wednesday. And according to the Philadelphia Business Journal, an anticipated 2% reduction is also on the way for city departments in the coming weeks.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.