Daily News | Here’s what’s in Mayor Jim Kenney’s final budget proposal
Mayor Jim Kenney is proposing a $6.1 billion budget that modestly cuts the city wage and business taxes, freezes property reassessments, and creates a new Transportation Fund, according to administration documents obtained by The Inquirer.
Following Kenney’s speech, Council will hold a series of virtual hearings examining departmental budget plans, and lawmakers will negotiate amendments to Kenney’s proposal. The final deal must be approved before the end of June, when the current budget expires.The administration projected that its plan would leave $524 million unspent, a cash reserve known as the fund balance, which is meant to help the city navigate unexpected shortfalls.
The city remains massively understaffed amid a national labor shortage, with 18% of general fund positions unfilled. The budget proposal calls for increased spending on recruitment, including $1.8 million to the Office of Human Resources for hiring and retention and $1 million over five years for diversity-focused recruiting in the Police Department.
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