Philadelphia Approves $6.37 Billion Budget with Property Tax Relief and Addiction Center Funding

Mayor Cherelle Parker and City Council finalize budget, highlighting investments in public safety, addiction treatment, and housing.

The budget includes a $20,000 increase in the Homestead Exemption, providing additional property tax relief for homeowners.
$100 million allocated to build a new addiction triage and wellness center in Northeast Philadelphia.
Funding boosts for rental assistance, affordable housing, and quality-of-life programs like street paving and illegal dumping crackdown.
School District of Philadelphia to receive 56% of real estate tax revenue, adding $119 million over five years.
No changes to wage and business tax rates, maintaining current levels.