There have been alot of stories about the 6,000,000 in the newspaper this week.  Here is my take. The NRSA, which I was involved in with the Chandler Buiness Group, was funded with CD… Read More

I am going to wait another day before I make comments, but let me make one today.  You are on the Board of Directors of the Main South CDC and you know that HUD is investigating how m… Read More

Still nobody from the South Worcester Neighborhood Center or their partner in the development has answered me..   Read More

Stopped by to buy some stuff from Sprout and found the following picture.  Thoughts are with you Read More

google-site-verification: google7e79cf452591d2f5.html Check us out  Worcester Herald  Read More

The top 10 biggest U.S. cities on the brink of pension bankruptcy According to Business Insider, here are the top 10 U.S. cities whose pension obligations will soon collapse: (this article… Read More

As part of bankruptcy , assets like these may go up for sale Read More

Yields in the $3.7 trillion U.S. municipal bond market rose on Friday, a day after Detroit filed for the largest municipal bankruptcy in history. Longer dated rates on maturities ranging… Read More

Is going to be a mess!! Interest rates will need to be jacked up. This could end up costing the City of Worcester millions in higher interest rates on muni bonds Read More

USA Story The city's two pension funds, which collectively have claims to $9.2 billion in unfunded pension and retiree health care liabilities, filed state lawsuits this week in a bid to pr… Read More

The expected bankruptcy filing would come after Kevyn Orr, the emergency manager, failed to reach agreements with enough of the city's bondholders, pension funds and other creditors to restr… Read More

Mounting pension liabilities have cost Chicago another cut in its credit standing as Moody’s Investors Service reduced the general-obligation debt rating for the nation’s third-l… Read More

Fantastic story on municipal pensions Springfield is ranked lowest, its pension 29 percent funded, down from a high of 57 percent in 2000. The city has a pension liability of $925.6 millio… Read More

Assets Liability Unfunded Pecentage 1/1/2007 $716,797.00 $837,608.00 $120,811.00 85.58% 1/1/2008 $759,410.00 $889,924.00 $130,514.00 85.33%… Read More

Assets Liability Unfunded Pecentage 1/1/2007 $716,797.00 $837,608.00 $120,811.00 85.58% 1/1/2008 $759,410.00 $889,924.00 $130,514.00 85.33%… Read More

No response back yet from the South Worcester Neighborhood Center and the developers of Southgate Place Read More

This has to be the craziest thing I have ever heard.  First and foremost we need talented people working for the City of Worcester to make us successful.   There are several p… Read More

Answer is a resounding "no".  Not sure why many are saying this... The RKG study merely outlines what our housing policy should be and there is no reason why the CDC's can not work wi… Read More

Page 108 of auditor's report  Assets Liability Unfunded Pecentage 1/1/2007 $716,797.00 $837,608.00 $120,811.00 85.58% 1/1/2… Read More

One of the main reasons I supported the Worcester Slots was the finances.  The City of Worcester needs the money and the unfunded pension and health liabilities is huge and may end up c… Read More

Think that was the name of SWNIC's Southgate Place Project.  Remember $7,000,000 for 25 units equates to 280,000 per unit..  All affordable units.. Well when they build the projec… Read More

Here is the RKG Study link.  Last one I had may have been wrong?    There is nothing is this study that says we should disband the CDC's.     Read pages 182-185, is… Read More

Watch his comments at 1 hour 57 minutes and 44 seconds.   His comments are 100% dead on correct.  From his comments, we need to get both the HDIP  and the Philly Plan go… Read More

Very tight schedule today with Summer Camp and swim lessons.   I was there at 4 to find out the first of two items on the agenda was a TIF for the Telegram Building.  &nb&hell…Read More

A committee, forgot which one, has a meeting to discuss the Housing Report from RKG.     I plan on speaking and here is what I will be saying.   One of RKG's re… Read More