Bounced Checks Cost the City Of Philadelphia Nearly $347,000

Inadequate revenue collections and severe breakdown in communications among City departments about how to process bounced checks cost the City nearly $347,000 in uncollected revenue between June 2011 and June 2012, according to a report released by the Philadelphia
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How Do Increase Minimum Wage In PA?

Rep. Ed Neilson, D-Phila., introduced legislation today to increase the state minimum wage. "The minimum wage was implemented to ensure a living wage for working families and individuals. However, many of these families who depend on full-time minimum wage incomes are still living below the poverty line,” Neilson (more...)

U.S. Dollars Designed to Outsmart Counterfeiters

By Stephen Kaufman Staff Writer As the world’s most actively traded and principal reserve currency, the U.S. dollar is probably the most instantly recognized form of money on the planet. Its wide use also makes it a prime target for counterfeiters, so the U.S. Department of the Treasury’s Bureau (more...)

Philadelphia Opens 6 Financial Empowerment Centers In The City

The City of Philadelphia launched six Financial Empowerment Centers to provide free, confidential, professional financial counseling to Philadelphia residents. Philadelphia is one of five U.S. cities opening Financial Empowerment Centers thanks to a grant from the Cities for Financial Empowerment (CFE) Fund. The $3.3 (more...)

Hey “Sugar Mommas” & “Sugar Daddies: “Don’t Miss Out on This!

The qualifications required to claim federal tax exemptions can be confusing, especially for Americans who financially supported their significant other in 2012. To help taxpayers in this predicament, personal finance resource, www.GoBankingRates.com, investigates the IRS rules surrounding dependents and explains how certain unmarried couples can claim a $3,800 (more...)

How Does Improve Organization of Tax Collection Structure?

Startled by a recent newspaper report that more than 1,700 Philadelphia tax delinquents are receiving local property tax breaks, state Sen. Mike Stack sent a letter today to Mayor Michael Nutter, urging him to better organize the tax collection process. “With each passing month, there are more and more examples as (more...)

Pennsylvania Interest Rates Much Worse Today Than in 2011

The Web's leading resource for local interest rate data, www.GoBankingRates.com, investigates historical deposit account rates offered by local Pennsylvania banks and credit unions in its latest rate study. The report finds that average CD and savings account rates in Pennsylvania have all fallen over the last (more...)

U.S. to Auction Gulf of Mexico Oil and Gas Exploration

Oil and gas prospectors will be able to bid on leases March 20 to explore and develop petroleum resources in the central Gulf of Mexico as part of the Obama administration’s five-year leasing program for the region. Secretary of the Interior Ken Salazar and Tommy Beaudreau, director of (more...)

U.S. Trade Deficit Widened in November

The U.S. trade deficit expanded to a seven-month high in November at $48.7 billion, reflecting a rise in the U.S. import of consumer goods from its trading partners around the world, according to data released January 11 by the U.S. Department of Commerce’s Census Bureau and Bureau (more...)

$22.67 Million Contributaion To City Pension Fund By Bond Refinancing

Mayor Michael A. Nutter announced that the City has priced an innovative bond refinancing, that has generated a onetime $22.67 million contribution to the City's Municipal Pension Fund, a refinancing that does not increase any costs to the City or add any risks to the City's (more...)

Nutter To Lead Trade Mission To Chine, Promote Investment In Philly

Trip to focus on sustainability, arts/culture, health care, education & economic development Mayor Michael A. Nutter will visit China this week to promote opportunities for investment in Philadelphia, strengthen relationships between key Philadelphia institutions and their Chinese counterparts, and continue to promote Philadelphia as a growing (more...)

Stock Market Investment Tips

Tom Clark In recent times, many people have warmed up to the idea of investing in the stock market. Such persons engage in the act of buying and selling stocks issued by different firms with the sole aim of raising capital. Those who own a certain portion
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U.S. Protects Migrant Workers’ Rights

“We’re committed to ensuring that workers are safe on the job and paid what they’re owed by the law,” Labor Secretary Hilda Solis said in a statement about Labor Rights Week, August 27–31. “This means no one can be paid less than $7.25 an hour. And it
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Homeowners Discussed Impact of Property Tax Reassessment

As the City of Philadelphia undergoes a property assessment overhaul, residents across some older sections of Northeast Philadelphia could see a spike in their property taxes. Concerns over Mayor Michael Nutter’s Actual Value Initiative (AVI) have prompted two state lawmakers to more closely scrutinize the plan. (more...)

$50 Million For Economic Development In Southeast PA

U.S. Rep. Allyson Schwartz joined Philadelphia Mayor Michael A. Nutter and John Grady, President of Philadelphia Industrial Development Corporation (PIDC) today to announce that PIDC will receive $50 million through the New Markets Tax Credit (NMTC) program to spur private sector investment in low and moderate (more...)

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