The impending federal cuts will be disastrous for the poorest major city in america. · to better understand the city ’ s new budget , we divided funding totals by philadelphia ’ s whole population and looked at how the per-person totals for fy25 compared to those from fy24, the last under mayor kenney. · about 20% of philadelphia ’ s population lives below the poverty line, and in 2024, more residents experienced being unhoused than ever before. Parkers plan makes big promises, including cuts to business and wage taxes, no tax increases for property owners, and more homes. Philadelphia workers will see minuscule tax cuts, small-business owners will get a mixed bag of pain and relief, and city residents experiencing housing insecurity could get a lifeline from. · all the bills approved during the june 12 city council session will go to mayor parker for her signature or possible veto. · philadelphia mayor cherelle parker emphasized cutting taxes while funding housing, new municipal contracts and other priorities in city council chambers thursday as she presented her fiscal. · philadelphia legislators signed off thursday on mayor cherelle parker s $6. 8 billion budget , including her centerpiece housing initiative. The city ’ s new operating and capital budgets and the $800 million h. o. m. e. Are expected to be signed into law any day now. · the big-ticket item in this year’s budget – one that drew out private and public negotiations – was parker’s housing opportunities made easy initiative, a $2 billion plan focused on creating and preserving 30,000 units of housing, backed by a massive bond.

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