5 Things I learned about my citys' revenue
1. Philadelphia gets the most of its money from wage taxes.
2. The lowest amount of it money comes from other funds, which it doesn't say is.
3. Philadelphia also gets alot of its income from other goverments
4. Wage Tax means employment income.
5. Philadelphia's property taxes rates are low compared to the standards of other big citys.
5 things I learned about expenditures.
1. Philadelphia spends the most money on benefits and pensions.
2. Spends the least elected offices and libraries.
3. Spends more money on police then the fire department.
4. Even spends more on prisons then the fire department.
5. The second biggest amount is spent on other which is compiled of Community College subsidy, Convention Center subsidy, Indemnities, Philadelphia Gas Works, School District, SEPTA.
My final budget revenue came out to 140.2 million which is about 30 million less then the citys. I noticed that balenceing a budget is much harder then i thought. And that the city made a lot more cuts then i did for the budget.
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