Mayor Cherelle L. Parker said she’s confident her plan for Philadelphia that she outlined during her annual budget proposal Thursday will usher in a new era of improved safety, quality of life, and business growth.

Philadelphia would cut business tax rates every year and begin spending hundreds of millions of newly allocated dollars on housing and drug treatment programs under a proposed 2026 budget Mayor Cherelle Parker presented Thursday.

Philadelphia Mayor Parker proposes a $6.77 billion budget focusing on public safety, housing, and sustainability.