May 14, 1991 |
Philadelphia Mayor W. Wilson Goode asked the state Senate in Harrisburg to act immediately to help alleviate his city's financial crisis. "Without swift action . . . it is inevitable that the city will run out of cash this summer," Goode told a Senate committee. He said that Philadelphia's 1.5 million people face a $219-million deficit in the $2.1-billion municipal budget for the fiscal year ending June 30, and a $265-million shortfall in a $2.3-billion budget for the upcoming fiscal year.