During the City of Philadelphia’s daily update on the coronavirus pandemic Tuesday, Mayor Jim Kenney announced Philly would be making some changes to its tax code in an effort to provide local businesses with additional economic relief during the COVID-19 pandemic.
They mayor said the City is facing its own budget challenges and is “advocating endlessly” for more funding from the state and federal governments to provide businesses with more support.
“I recognize that none of these changes will be enough to fully overcome the impact of an economic downturn that has hit certain sectors — including restaurants — tremendously,” Kenney said. “But rest assured that within the constraints of the City’s own budget challenges, we are looking for new ways to provide relief.”
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