Pa. city council chief looks to bolster pension fund

07/22/2013 | KYW-TV (Philadelphia)

Philadelphia City Council President Darrell Clarke is proposing to redirect half of funds from a sales tax increase, or about $70 million annually, to prop up the badly underfunded pension fund for city workers. The tax hike, meant to be temporary, was implemented in 2009 to generate cash for the school district. Clarke's proposal would allocate the other half of revenue to the school district.

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KYW-TV (Philadelphia)

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