Sunday, October 11, 2009


Some days..    Trib and PG cover developments in the PWSA bond miasma that still has no clear end. You can't say this about all problems, but this one at least had some pretty clear warning signs from at least  August 2008

What I hate to point out is....  The issue at hand is that the PWSA made some decisions resulting in "Lack of guarantees forces weekly costs up by $230,000" per the article. Weekly costs of $230,000 and that is just the additonal costs of that debt as the result of all of this.    How much is the annual marginal cost of keeping open each of the library branches slated to be closed.  I'd look it up, but I really don't want to know.  I suspect the two numbers side by side would be depressing.


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