Philadelphia Tribune: Pew Report Praises City’s Recession Response
While recent indicators — most notably an economic report issued by the City Controller — show that Philadelphia is recovering from the recession, Pew Charitable Trusts took a look at what put this city in the recession in the first place, and which decisions did or did not work in the immediate recovery.
Philadelphia is one of 30 major cities included and compared in the report.
Pew, is its comprehensive report, “America’s Big Cities in Volatile Times: Meeting Fiscal Challenges and Preparing for the Future,” looked at the city’s financial maneuvers for the five years between 2007-2011, noting that by 2011, the city’s economy was still 2 percent below its pre-recession peak, precipitated by bottoming out revenues in 2010.
Read the full article at phillytrib.com.
- American Cities Project