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More than $3.3 billion in federal funding will save Philadelphia, its schools and the transit agency, SEPTA, that serves the region from a very, very ugly financial situation moving forward, city finance officials said Wednesday in the first full disclosure of federal COVID pandemic relief.
It really was a rescue plan, Philadelphia s budget director Marisa Waxman said in the initial outline of the proposed 2021 city budget. Mayor Jim Kenney is set to officially release the budget Thursday before City Council.
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