Philadelphia’s Finances Not Quite In Order

Turns out the City of Philadelphia has owes an average of $5,000 per resident, something Standard & Poor’s rating system rates as “very high.” Oh, and the city just borrowed $200 million, and future budgets are based on casino revenues, which are coming who knows when.

And the reason: Why, the local sports teams, which rake in millions but forced taxpayers to help build new stadiums. Of course, you don’t need a hackneyed journey down that road, but let’s ask: If we’re going to pay for your stadium, could you re-sign Aaron Rowand?

Or, actually, pitching. Pitching would be nice. Let’s not get started on the Eagles.

Phila-debt-ia [Philly, Inc.]
Jim Salisbury | Chances of Rowand staying with Phils remote [Inquirer]