just so were clear, the debt free plan is afarce, simply shuffling money around. Second, the only way to pay down debt is to increase rates while the suburbs decrease them. That's a positive with an asterisk. The asterisk is we have to pay extra. It should pay no dividends to the city until rates are in line to peco. The city is the reason we have this problem to begin with. Pgw has improved but it still has an extremely high cost structure. That needs to be addressed. Knudsen is to be applauded and it's not hisfault it's such a disaster but something should be done to ensure we keep getting competent management.
|