September 17, 2009- The Greater Philadelphia Chamber of Commerce extends its appreciation today to members of the Pennsylvania General Assembly for passing HB1828, which will enable Philadelphia to avoid catastrophic cuts in personnel and services. Now the City will have the tools to implement a balanced budget with shared sacrifices that reflects today’s harsh economic realities.
The bill approves a temporary, one-percent Philadelphia sales tax increase and changes the City’s pension amortization period and defers a portion of pension payments.
“The Chamber has worked closely with the Nutter Administration to support this legislation crucial to the economic survival of the City of Philadelphia and the entire southeastern region of Pennsylvania,” said Rob Wonderling, Chamber President & CEO. “We believe the temporary sales tax increase and pension payment relief will help the City ride out this economic downturn.”
