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Philly Fails to Make Top 20 Best Cities List; Fitch Gives A+ Rating

JULY 2, 2024 | by Linda Stein | DELAWARE VALLEY JOURNAL

However, Philadelphia also ranked near the bottom, 72 out of 75, for cities ranked for how well they’re run by Truth in Accounting.

That organization found the city needs $11.2 billion to pay bills and has a taxpayer burden of $20,400 per taxpayer. Meaning if all bills were to be paid in one year, that’s how much each taxpayer would owe. Truth in Accounting gave Philadelphia a grade of “F.”

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