by KYW's Steve Tawa
Philadelphia Mayor Nutter is already dealing with opposition to library, fire company, and pool closings that stem from a budget shortfall.
Now, there is the potential for another shoe to drop, before his required budget address to city council next month.
He certainly hopes the current $108-million deficit this fiscal year will not widen, but the mayor's budget makers are only now quantifying figures on how key indicators like dwindling real estate transfer taxes, and a decreasing city pension fund, courtesy of the decimated stock market, are affecting city finances:
"The economic condition of the city has in fact deteriorated since my announcement on November 6th."
The mayor says "virtually every tax that the city has is under performing":
"I can't tell you at the moment what new cuts we may announce, but we certainly have to recalculate from where we were in November."
The Nutter administration intends to finish those calculations in the days ahead, and if necessary, the mayor will address taxpayers before his scheduled budget address next month before city council.
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