Philly city council reaches agreement with Mayor Parker on $6.8 billion budget

Business tax cuts and housing bonds: Mayor Cherelle Parker and Philly Council reach $6.8 billion deal for the next city budget

In the end, lawmakers green-lit cuts to the wage and business taxes, as well as the mayor’s request for $800 million in borrowing authority to support her signature housing plan.

Philly city council reaches agreement with Mayor Parker on $6.8 billion budget

The Philadelphia City Council has reached an agreement with Mayor Cherelle Parker's administration for a tentative $6.8 billion budget for 2026, which will include $2 billion going toward the H.O.M.E program, the mayor announced on Thursday.