Date changes to next day 7 or 8 hours earlier than it should

The person would developed our site using WP designed it to show the current date under the main banner on each page. Just recently we noticed that the day changes to the next day about 7 or 8 hours too early.
The correct time zone is selected in the Dashboard which shows the proper time.

In looking at the code for the header section the only thing I see related to date is the following:

<div id=”date” style=”margin-left:20px; margin-top:8px;”><?php echo date(‘l F j, Y’); ?></div>

How can I fix this problem?
Thanks.
John