Thursday, December 2, 2010

Crisis...Averted?

I found this by way of PGH is a City this morning.

Here's the story.

Rendell has found funding.  That part is good.  As of right now, we don't know if the Southwestern Pennsylvania Commission will approve the "flexing" of $45 million in funds to cover the Port Authority funding gap.  They will meet to decide on December 13th.  If you'll recall, over the summer the Commission voted unanimously to turn down a one time "flex" of money from the Governor.  That was then, this is now.

At that point there was hope that a long term solution was still a possibility so in many ways it made sense that the commission would vote the flex down.   Now that we are down to the wire, they will hopefully approve the measure.

 Key word here is hopefully.

Another key issue is, this is just a temporary stay of execution so to speak.  It's a one year, one time cash infusion that will do nothing to solve the perenial funding issues facing the Port Authority.

However, at this point, I'd be glad to take just about anything that will help stave off the cuts.

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