“It is pie in the sky to think that this deal will produce $1.1 billion or more annually for 75 years. These kinds of budgeting practices invite future deficits, something they can do in Washington, but we aren’t allowed to do on the state level. We would have to ask taxpayers to fill the gap.” Sen. Logan
TURNPIKE LEASE BID OVERSTATES RETURN TO COMMONWEALTH
OP-ED by State Sen. Sean Logan
The Rendell Administration’s proposed deal to lease the Pennsylvania Turnpike to a Spanish firm and invest the proceeds for state transportation funds greatly exaggerates both the true value of the bid and the money the state will earn on that lease payment over the long term. (more…)
