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Nutt on Turnpike Debt

Nutt on Turnpike Debt

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Published by PAindy

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Published by: PAindy on Aug 29, 2012
Copyright:Attribution Non-commercial


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 Aug. 29, 2012Mr. Roger E. NuttChief Executive OfficerPennsylvania Turnpike CommissionPO Box 67676Harrisburg, PA 17106Dear Mr. Nutt:Earlier this week, Mr. Paul Nussbaum, a reporter with the Philadelphia Inquirer wrote an interestingarticle on the billions of dollars of debt held by the Pennsylvania Turnpike Commission. As State AuditorGeneral Jack Wagner put it, the Turnpike Commissi
on is “drowning in debt” and faces potential default
on its financial obligations.
It was astounding to learn that your commission’s solution was to continue to borrow money, raise tolls
every year and replace human toll collectors. And while much of the blame is being placed on Act 44 of 2007, aggressive borrowing seems to have exasperated the situation.$7 billion dollars in debt and no long term solutions in sight? That is more than twice the amount of debtthat allegedly faced Pennsylvania just a couple of years ago and prompted our Governor to drasticallycut funding for education and safety net programs. As he put it, Pennsylvania must live within its means.Because of this lack of leadership, inability to manage funds and failure as a fiscal watch dog for theTurnpike Commission, I ask for your immediate resignation. Further, I ask for the resignation of yourChief Operating Officer Craig Shuey.Under your leadership, and with the assistance of your COO, the Pennsylvania Turnpike Commission isdestined to become the biggest boondoggle in the history of our state.Sincerely,Peter J. Daley IIState Representative49
Legislative District

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