Monday, January 4, 2010

Patrick Loves Lawrence

Not what it sounds like; I have kind of stopped covering that issue.

And how does he show his love?

"borrow"


He loves banks is what he loves!


"Mass. Gov. files bill to help troubled Lawrence

Related: Tough Love For Lawrence

Yeah, you SEE WHERE the $$$ is COMING FROM and WHERE it is GOING, don't you?

BOSTON --
Gov. Deval Patrick has filed a bill that would help the city of Lawrence balance its books and avoid what officials have said could be bankrupcty by early next year.

Borrowing doesn't do that.

The bill filed Thursday would allow Lawrence to borrow up to $35 million to balance its 2010 and 2011 budgets. But the bill also would require a state-appointed fiscal overseer to monitor the city's finances and recommend whether the state should appoint a finance control board with extensive powers over the budget. A state loan and a control board helped lead Springfield out of a recent fiscal crisis. The bill comes after Patrick met with Lawrence mayor-elect William Lantigua last month over the city's dire finances. The city of 71,000 faces a financial deficit of about $17 million.

Did mention to the new boss the dual jobs so he can collect another years pension from the taxpayer?

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