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Turnpike CEO: Changing His Attitude About Debt?
In January of this year, Pennsylvania’s Auditor General proclaimed that the Pennsylvania Turnpike was "drowning in debt" to which the Turnpike CEO responded that it was "simply not true". He...
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Light is Finally Dawning on Turnpike Debt Growth
In January of this year, the Pennsylvania’s Auditor General proclaimed that the Pennsylvania Turnpike was “drowning in debt” to which the Turnpike CEO responded that it was “simply not true”. He...
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More in the Building Collection of Famous Last Words?
"Turnpike Head Says There is No Immediate Crisis". Responding to a rising chorus of concerns about the Turnpike Commission’s annual borrowing of $450 million to meet its Act 44 obligation to PennDOT,...
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Pig in Turnpike Poke?
The Turnpike Commission says it is planning to build a 12.5 mile extension of the Southern Expressway at a "projected" cost of $633 million. Projected being the operative word. The final actual cost...
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Turnpike Tolls Continue to Rise to Pay for Bond Debt
For the fifth consecutive year, the Turnpike Commission welcomed 2013 with an increase in tolls, ten percent for cash customers and two percent for electronic customers (E-Z Pass). These toll...
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Benchmarking Pittsburgh
City of Pittsburgh, know thyself. So goes the Socratic admonition. Here’s some information to help in the self-knowledge. In order to see how the City performs on various measures of local...
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A True Debt Picture
Hidden debt, understated pension and health care liabilities, and debt accumulated for special purposes but never approved by voters is the subject of an op-ed and estimated to be $7.3 trillion....
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Pittsburgh Taxpayers’ Debt Load Getting Lighter
In 2011, the debt per capita in Pittsburgh was $1,901, based on the Census count of 306,000 and $581.8 million in general obligation debt of the City. A decade earlier the average resident carried a...
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Should We Be Concerned About County Debt?
The County Controller released the 2012 Comprehensive Annual Financial Report last week and foremost among the Controller’s concerns is the debt, which, when examined by the "net bonded debt" marker...
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Familiar Threads Woven in Harrisburg Recovery Plan
Over three years ago, in February 2010, we asked if the debt related to a trash incinerator was pervasive enough to cause a municipal bankruptcy filing-colloquially, that the City of Harrisburg’s...
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