CITY CONTROLLER Alan Butkovitz gave his approval to Mayor Nutter's revised five-year financial plan Thursday - but warned that the city still faces serious budget risks.
Nutter updated the plan after members of the city's fiscal watchdog indicated discomfort with the original version, which didn't include details on how the city would pay for retroactive raises and benefit increases in a recent firefighters arbitration award.
The administration originally had not included those costs because it appealed the award. But two weeks ago, Nutter officials gave the Pennsylvania Intergovernmental Cooperation Authority (PICA) a list of potential cuts they would make if they lose their appeal and have to pay for the award, estimated to cost $200 million over five years.
