And the readership drains away………
Seriously, our rosetta stone. Take the news today that the city and county are merging accounting systems. It was not too long ago that the city was fighting that with an argument that the city should merge its accounting system with… yes, the PWSA. The other news is that the PWSA, after 13 months is kind of, sort of, possibly, considering whether it will plan to look for a new leader. Makes you wonder who would have been running the city’s accounting system if it had followed the PWSA plan. It is not like the PWSA was very clear what software it was going to use itself. There could have been all sorts of fun news stories I bet.
More of course. Other news today is a report looking at the impact of “Swaptions” on the finances of a broard range of public entities in Philadelphia. Plenty of those issues here as well, but none worse than… yes, the PWSA’s. I'm not convinced that situation is settled completely even yet.
Assessments (who said that) are in the news of late in Judge Wettick’s courtroom. Not long ago though it was the same Judge Wettick who ruled that the PWSA’s line insurance program was illegal. Prompting it’s service provider, one Utility Line Security, LLC, to declare bankruptcy and hint at seeking $3 million in compensation from.. the PWSA again. What is up with that bankruptcy eh? Nobody noticing any longer, but lots this week actually. In summary, more liquid(ation). If I understand the filings looks like the PWSA is paying the rump ULS not $3mil, but $350K which may just go toward paying contractors awaiting fees. (I still bet that $$ came from cash generated via the Bond to Nowhere) I am guessing that is all needed to clear those contractor's liens that were beginning to gum up the system. Well... that was fun.
Why does ULS own this vacant parcel in Garfield anyway? Curious. I'm tempted to go try to buy one of those Dell computers to get the hard drives. Too much hassle.
And our water is purple…Cool! Dare I say, it’s not some Ravens aficionados in our midsts.. Look no father than the PWSA. That was a fun prank in high school I have to admit, but points for doing it at scale.
and I just can't connect it to water at all, but note the story about the city being forced to put money away toward its unfunded health insurance liability. I am sure it is all because it was mentioned here over 5 years ago.
Hey, I'm improving. Only one mention of Judge Wettick. I've been put on a quota.