John H. Eichelberger Chairman of the Senate Local Government Committee has scheduled a public hearing Monday September 9, 2013. Discussion of Senate Bills 901, 902, 903, and 904 Local Government Debt Act.
Agenda.
Public Hearing Senate Bills 901-904 Local Government Unit Debt Act.
Monday, September 9, 2013 10:00 a.m. Hearing Room 1, North Office Building, Main Capitol
10:00* Call to Order / Introductory Remarks
10:05
Honorable Jack Wagner (former Auditor General, Commonwealth of Pennsylvania) Jack Wagner's testimony.
10:30
Charles E. Linderman, PRSBA, RSBA, Director of Business Affairs Great Valley School District
Thomas E. Delaney, PRSBA, CPA (former School Business Administrator, Garnet Valley School District)
Lucien Calhoun, President Calhoun Baker, Inc.
11:00
Nancy E. Winkler, Treasurer /Charles Jones, Exec. Dir., Sinking Fund City of Philadelphia Nancy E. Winkler's Testimony.
Peter Shapiro, President Swap Financial
11:30
Judith Dexter, Esq. (former Vice President, Bethlehem Area School District Board - 2005 - 2010)
Michele Cann, Esq. (former Bethlehem Area School District Board member
Combined Testimony of Judith Dexter and Michele Cann.
12:00
Michael A. Wolf, Managing Director Boenning & Scattergood, Inc. View Michael A. Wolf's testimony.
12:30
Jay Wenger, Vice President Karen McConnell, Business Manager Central Dauphin School District
Testimony of Jay Wenger and Karen McConnell.
1:00
David O. Twaddell, Esq. Rhoads & Sinon
David O. Twaddell Exhibit 1 and Exhibit 2.
Adjournment * All times are approximate, depending on length of testimony, questions/answers, etc.
Submitted Testimony:
Senator Mike Folmer
Bob Werner.
Archive videos published June 2013.
The Senate Local Government committee passed SB 901 and SB 902 by unanimous votes Wednesday.
SB 901 amends the Local Government Unit Debt Act. The concepts in the bill come from Committee Hearings that examined Harrisburg's financial situation and the creative means employed to circumvent debt limits.
Simply stated, the bill would empower the Department of Community and Economic Development (DCED) to establish a review process before debt is incurred. It would prohibit municipalities from charging fees to guarantee the debt of other municipalities, and it would limit the ability of municipalities to provide unlimited guarantees of other entities' debts.
Video 1: SB 901
Video 2: SB 902
Video 3: Recorded May 8, 2013. Senator Mike Folmer "The house always wins, Wall Street will win every time".
Archive video: Senator Eichelberger is asked about the possibility of perjury during hearings held on the Harrisburg Incinerator and Harrisburg Authority financing deals. "We feel that there was probably perjury committed at the hearing".
Archive video August 21, 2013. Financial Advisor to the Dauphin County General Authority . Report from Financial Advisor - Jay Wenger, Susquehanna Group Advisors on the Authority acting as a conduit entity for the $74-$75 million construction financing project at the Tel Hai Retirement Community center in Chester County. "We see it as a project that from the authorities perspective as a conduit entity certainly is a low risk proposition."
Photos/Natalie Cake