Mark B. Cohen Saves Philadelphia!

Everyone’s favorite state rep:

Just as the battle lines are hardening, newly compiled figures on wage tax revenue growth threaten to end the battle over the mayor’s proposed cuts by giving the mayor a good reason to delay them. [...]

That is not the most optimistic way to make the projections. The city is collecting wage taxes at the rate of $125,141,400 a month. Assuming that monthly pace continues, the the city will wind up $342,978,000 AHEAD of its total revenue projection of $1,158,586.

We’re totally set with the extra $300 mil in revenue or so.

(Sorry, been busy with story reporting and research! I know, I’m surprised, too. Hopefully I’ll be back to a regular schedule later this week.)

Nutter’s Sweeping Budget Cuts

Whoops! Looks like the hope and change promised by the Phillies, Barack Obama and the Large Hadron Collider doesn’t magically make the economy 100 percent better.

Today, Michael Nutter held a big ol’ live television address to let people know about the big budget cuts he’s going to make.

And he’s eliminating snow removal on smaller streets! Those horseshoe streets and cul-de-sacs out in the Far Northeast will… continue to not be plowed, I guess. Also he’s getting rid of the city’s sponsorship of the Dell East Summer Concert Series, which is something the Daily News writes about a lot I think.