ERIC Number: ED051581
Record Type: Non-Journal
Publication Date: 1971-Mar
The Financial Future of City and School Government in Philadelphia. The Fed in Print. Business Review.
Lyon, David W.; Epps, Richard W.
This review discusses the fiscal difficulties of the City and School District of Philadelphia and describes the projection of expenditures and receipts and the mounting deficits implied by these projections. Three different projections are made to point out alternative fiscal outlooks: a high projection that corresponds to strong economic conditions and aggressive spending; a medium projection that assumes some strengthening in the economy and slower paced public spending; and a low projection that corresponds to weak recovery and little attempt to increase the amount of services provided by government in Philadelphia. The article summarizes the projections, and emphasizes the medium projection. An appendix includes a more detailed description of all projections. (Author/JF)
Descriptors: Budgets, City Government, Educational Administration, Educational Finance, Expenditures, Federal Aid, Financial Policy, Financial Problems, Financial Support, Fiscal Capacity, Inflation (Economics), School Administration, School Taxes, State Aid
Public Service, Federal Reserve Bank of Philadelphia, Philadelphia, Pennsylvania 19101
Publication Type: N/A
Education Level: N/A
Authoring Institution: Federal Reserve Bank of Philadelphia, PA.
Identifiers - Location: Pennsylvania (Philadelphia)