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City "finds" $11 million owed by PPA
Council President Darrell Clarke seemed incredulous: "How did we discover that additional revenue? Was there an analysis done or did we trip on it?"
City "finds" $11 million owed by PPA
This morning's City Council budget hearing, which covered the proposed Fiscal 2013 budget and Philly's five-year plan, was pretty dry stuff. But one comment by Deputy Mayor Everett Gillison drew notice. Philly's expecting some tax revenues to increase substantially in the coming year, yet total revenues are expected to grow by only 0.5 percent, because Fiscal 2012 saw a couple of one-time revenue bumps. Among them: $11 million, paid from the Philadelphia Parking Authority. The money was revenue from the Love Park parking garage that was supposed to have come to the city over several years, but that the Philly Parking Authority (which has seen its share of political scandals and financial investigations), hadn't bothered to pay.
Council President Darrell Clarke seemed incredulous: "How did we discover that additional revenue? Was there an analysis done or did we trip on it?"
Rebecca Rhynhart, Philly's budget director, answered. Sort of. She explained, "It came to our attention, when reviewing legal documents regarding how that revenue is supposed to flow into the city's general fund, that that money should have flowed to the city. So the Parking Authority sent that money over."
"It's that easy?" Clarke had to ask. "Is it possible with further analysis we might discover or trip over additional revenues owed to the city of Philadelphia?" Rhynhart responded that that's all the city's owed from Love Park. Whether there's more PPA money floating around to be "tripped over" remains to be seen.
AAAAA HAHAHAHAHAHAHA the naiveté of our city government astonishes. They really think the PPA is trustworthy enough on its own to send every penny it owes us without being prodded? Lord almighty what a bunch of imbeciles that represents us.— ct23- These people should be embarrassed at how inept they appear.— aviator
- Perhaps Mr Gillison will also discover the one billion dollars plus owed to the city by criminal defendants , who don't pay costs , fines , supervisory fees , restitution , forfeited bail , or anything at all , unlike the defendants in the other 66 counties in Pennsylvania .— jack susini
- The city leaders never fail at failing it's city dwellers.The above posts say much of the truth.— Andrew Grier
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