Happy Friday, Everybody! The City Of Philadelphia Is Broke!
What do Sarah Palin and the City of Philadelphia now have in common? They both like to drop utterly batshit news on you on a Friday afternoon when they think you’re not looking. Just before lunch, the Mayor’s Office dropped a little tidbit of information you might wanna know: Because of the ongoing State budget talks in Harrisburg, the city has basically run out of money and isn’t paying anyone anything for now, unless they’re city employees, “debt service,” or emergency payouts. That leaves a whole broad class of vendors wondering where the hell their checks are, and for God only knows how long. And it could get worse: “Without legislative action very soon, the City will be unable to complete a routine cash flow borrowing at an affordable rate as it normally does each year.” We’ve been in this kind of jam before, and all we can think is to ask: So, City of Philadelphia, have you considered selling off your CD collection?
July 17th, 2009 at 4:37 pm
I’m pretty sure the city tried to do just that, except they call their CDs “pools” and “libraries” and, soon, “non-union employees”. And if this were happening next year, they’d phone their parents to ask for money, except that’d be called “casino money”.
July 18th, 2009 at 12:19 am
An actual news story. And you linked to a CITY PRESS RELEASE.
Nice.
This’ll be my first stop for that shit from now on.
July 18th, 2009 at 11:28 am
Maybe they could look under Mayor Street’s mattress and see where some of those dollars went?
July 20th, 2009 at 10:51 am
To be clear, the City has a balanced budget, it has a cash flow problem because it depends on certain payments from Harrisburg which aren’t flowing as usual because of the budget impass. More like waiting an extra week for the check from financial aid to show up because somebody lost your file than being broke.