How Philly Turned Their Financial Crisis Around

Delancey Place ^ | June 19, 2012 | Ed Rendell

[econjack]

"... in 1992, newly-elected Philadelphia Mayor Ed Rendell faced perhaps the greatest financial crisis of any city in that era -- and pulled off what the New York Times called "one of the most stunning turnarounds in recent municipal history."

[econjack]

Good blue print for what the feds need to do. Notice the debt reduction was done without tax increases.

[econjack]

Oops...posted the wrong URL. Go to:

http://www.delanceyplace.com/index.php

[John O]

If it’s yours why don’t you just post it here? Why force us to go elsewhere? Pimping a blog?

[2banana]

Ed Rendell did NOTHING to solve a bankrupt Philly except kick the can down the road.

He sucked Harrisburg dry and rode the property bubble.

The unions STILL control Philly and they have bankrupted the city.

[econjack]

I don’t have a blog.

[Erik Latranyi]

Fast Eddie Rendell did very little.

Yes, he sucked money from the rest of the state, especially rural areas and also presided over the city at a time of economic growth.

[11th Commandment]

You maybe right. Rendell notes he did everything through the collective bargaining process which mean the Unions still retained power over the democratic process.