[PRCo] Re: Revenue___Stream

[John Swindler]

Your both right, but for different reasons.

Yes, Jim, a government entity can create a 'rainy day fund', as the Ridge 
administration did - I think it was over $500 million, but please don't 
quote.  That fund was built up over the late 1990s and helped state 
government balance the books last two years, as technically required by the 
state constitution.  And that helped keep the cut in state mass transit 
operating assistance from occurring in 2001 or 2002. (just to try and get 
back to PAT)

And yes, Fred, it's difficult to almost impossible to accomplish due to 
propensity of politicians to try and appeal to voters.  Such as being 
receptive to letters from constituents requesting additional transit 
service.

John



>From: Jim Holland <PghPCC at pacbell.net>
>Reply-To: pittsburgh-railways at dementia.org
>To: pittsburgh-railways at dementia.org
>Subject: [PRCo] Re: Revenue___Stream
>Date: Wed, 16 Apr 2003 14:12:40 -0700
>
>Good Morning!
>
> > Fred Schneider wrote:
>
> > How can you put money away in a boom period when laws
> > prohibit you from asking for grants when you have a
> > slush fund.  Putting money aside for the future was
> > something that private companies can do [did].
> > Government gets in trouble doing it if they are
> > asking other government bodies to help out.
>
>	Thank You    ----    You make a Point    ----
>
>	To Paraphrase the above:::::::
>
>		It is  ILLEGAL  for Govt.
>		Funded Agencies	To Properly
>		Manage a Business!
>
>	Yes  --  well aware of this  --  from my days with Uncle
>Sam's Canoe Club in the 1960s we spent any money remaining in
>the budget so:::::::
>
>	1.)--There wouldn't be any carry over And.......
>	2.)--To prevent a cut in a subsequent budget year.
>
><><><><><><><><><><><><><><><><><><><><><><><><><><>
>
>Waiting for a bus is about as thrilling as fishing,
>	with the similar tantalisation that something,
>		sometime, somehow, will turn up.
>			George Courtauld
>
><><><><><><><><><><><><><><><><><><><><><><><><><><>
>
>James B. Holland
>
>Holland  Electric  Railway  Operation.......
>___"O"--Scale St.-Petersburg Trams Company Trolleycars and...
>______"O"--Scale  Parts  mailto:pghpcc at pacbell.net
>
>______Pennsylvania Trolley Museum http://www.pa-trolley.org/
>___Pittsburgh  Railways  Company  (PRCo),   1930  --  1950
>N.M.R.A.  Life member #2190; http://www.nmra.org
>
><><><><><><><><><><><><><><><><><><><><><><><><><><>
>


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