Understanding Philly's budget crisis

If you've been paying attention to the national economy, it shouldn't be surprising that Philadelphia is facing a financial crisis. According to Mayor Nutter, city government is facing a shortfall in revenue that could top $850 million over the next five years.

"It's Our Money", a joint project between the Philadelphia Daily News and WHYY, is working hard to help you understand the current situation. Below are links to an op-ed, editorial, and audio clip about the budget crisis. Take a look and let us know what you think!

"Philadelphia zapped by bond-market turmoil." Philadelphia Daily News, 10/13/08.

"Ben Waxman and Dave Heller talk about the bond crisis." WHYY-FM, 10/10/08.

"It's a crisis! It's an opportunity! It's both!" Philadelphia Daily News, 10/13/08.

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