However, Philadelphia also ranked near the bottom, 72 out of 75, for cities ranked for how well they’re run by Truth in Accounting.
That organization found the city needs $11.2 billion to pay bills and has a taxpayer burden of $20,400 per taxpayer. Meaning if all bills were to be paid in one year, that’s how much each taxpayer would owe. Truth in Accounting gave Philadelphia a grade of “F.”
Read the full article on: Delaware Valley Journal