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Funding

BUSINESS
March 6, 2015 | By Paul Nussbaum, Inquirer Staff Writer
The U.S. House on Wednesday approved and sent to the Senate a passenger rail bill that would allow Amtrak to use profits generated by Northeast Corridor service for improvements to the Washington-to-Boston corridor. The bill would also phase out federal subsidies for food and beverage services on Amtrak trains. The House bill would provide about $1.4 billion for Amtrak next year, rising to $1.5 billion by fiscal 2019. It also would provide $300 million per year in infrastructure investments, half of it for the NEC. This year, Amtrak received $1.39 billion.
NEWS
March 6, 2015 | Solomon Leach, Daily News Staff Writer
MAYORAL CANDIDATE state Sen. Anthony Hardy Williams announced an education plan yesterday that he said would provide an extra $200 million for the city's ailing public-school system and reduce competition between traditional schools and charters. Williams, who's vying for the Democratic nomination, said he would take a three-tiered approach to provide more funding for the district: dedicating a higher portion of the city's property taxes to schools, reinstituting partial charter reimbursement and requesting an additional $25 million from the Philadelphia School Partnership, on top of an original $25 million offer for charter-school expansion.
NEWS
March 6, 2015
EVERY FEW DAYS, I see a new crowdfunding request to contribute to a student's education or help out with medical expenses for a terminally ill patient. Those I don't mind. But some of the others have me looking all side-eyed. Go Fund Me? Go F--- you! Excuse my language, but it's getting out of control. Take the case of Jameelah Kareem, 30, a procurement administrator who lives in Willingboro, N.J. She's a hardworking young woman who writes steamy novels in her spare time and works part time as a bottle-service provider at Onyx, a strip club on Columbus Boulevard.
NEWS
March 6, 2015 | BY WENDY RUDERMAN, Daily News Staff Writer rudermw@phillynews.com, 215-854-5924
ANOTHER storm is brewing, and we're not talking snow. We're talking about a fresh round of Mayor Nutter vs. City Council. Nutter is expected to unveil a budget today that will call for a more than 9 percent increase in property taxes to help infuse the Philadelphia School District with desperately needed money, according to sources. The mayor's proposed property-tax hike of 9.34 percent is likely to put City Council - which must approve Nutter's eighth and final budget - in a difficult position at a time when all 17 council members are up for re-election.
NEWS
March 5, 2015 | By Jeremy Roebuck, Inquirer Staff Writer
Once a Democratic fund-raising wheeler-dealer who counted mayors and congressmen as friends, Samuel G. Kuttab took a hit to his reputation when a 2002 tax-evasion case sent him to federal prison for two years. His political fortunes appeared poised to sink further Tuesday as he pleaded guilty to charges involving the use of his influence to sway a civil lawsuit in his favor. In a hearing before U.S. District Judge Juan R. Sanchez Jr., Kuttab, 55, said that in 2011, he enlisted the aid of then-Municipal Court Judge Joseph C. Waters Jr. to fix the case.
BUSINESS
March 2, 2015 | By Jeff Gelles, Inquirer Columnist
Let's see. Do I want an investment adviser or a financial adviser to help plan for retirement? A variable annuity, fixed annuity, or no annuity at all? How about stashing savings in an S&P 500 index fund - they're all the same, right? I don't have vertigo, but whenever I consider my options for retirement saving, my head spins. Then I heard about President Obama's AARP speech last week and wondered if the diagnosis - and a simple, straightforward treatment - had been sitting around untried all along.
NEWS
February 28, 2015 | By Maddie Hanna, Inquirer Trenton Bureau
Democratic lawmakers and transportation groups for months have warned of a looming transportation funding crisis. But on his radio show Wednesday, Gov. Christie said New Jersey had funding for roads, bridges, and rail through June 2016 and was "not a crisis. " "This is not something to rush on or rush through," Christie said on NJ 101.5's  Ask the Governor . "It's not a crisis at the moment, because we're funded pretty well now. " Christie's remarks stood in contrast with those of his own transportation commissioner, Jamie Fox, who has been traveling the state drumming up support to replenish the fund.
NEWS
February 26, 2015 | By Bonnie L. Cook, Inquirer Staff Writer
Bernard Borine, 92, a Cheltenham Township commissioner and a fund-raiser for Jewish causes, died of heart failure Monday, Feb. 23, at his home in Cheltenham. Mr. Borine was the owner of Capital Brokerage Co., a food brokerage in Philadelphia. He retired in 1988, leaving the business to his son. He was most widely known, however, for the volunteer work he did over the years on behalf of Jewish agencies and causes at the local and national levels. Mr. Borine served as a campaign chairman for the Philadelphia Allied Jewish Appeal and as an officer of the Jewish Federation of Greater Philadelphia.
NEWS
February 16, 2015 | David Gambacorta, Daily News Staff Writer
LET THERE be no doubt: School funding has presented itself as the issue for the 2015 mayor's race. Three of the city's Democratic mayoral candidates spent much of the week slapping one another - figuratively, at least for now - with criticism over their respective stances on an offer from the Philadelphia School Partnership, an education advocacy group, to donate up to $35 million to the School District of Philadelphia to increase the number...
NEWS
February 14, 2015 | By Julia Terruso, Inquirer Staff Writer
Philadelphia's biggest hurdle in securing the 2016 Democratic National Convention was convincing the selection committee it could come up with the money, organizers said. Now that the gig belongs to the city, it comes with an $84 million fund-raising challenge. Amid celebration Thursday were promises Philadelphia can bring in the money, even with a concurrent fund-raising push to raise $45 million for Pope Francis' visit in September. Mayor Nutter said the plan was to rely on federal and private dollars and use no city funds for the weeklong political fest.
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