Posted on 02/09/2010 10:06:08 AM PST by ruralvoter
State legislators are criticizing a $35 million bailout plan for the cash-strapped city of Lawrence, as Beacon Hill prepares to debate the proposal amid growing public outcry over the new mayor’s refusal to resign his state representative post.
With the city nearing bankruptcy, a key legislative committee will launch discussions today of a measure that would allow Lawrence to take out millions in loans to repair its tattered finances, while appointing an outside overseer to help the city stabilize its budget. Facing a deficit of close to $25 million, the city is in danger of running out of money this spring without a massive influx of cash.
(Excerpt) Read more at boston.com ...
Beacon Hill? Overseeing Lawrence? hahahaha
That must be about $2000 dollars per taxpayer in Lawrence.
FYI..check out Camden NJ
Patrick is toast....
Lawrence is a huge rat hole. 90 percent minority.It was one of the primer factory/mill cities in the Northeast a hundred years ago.
That was until the ILGW union swept into town. They aren't looking for the union label there anymore. They priced themselves out of work. All the mills went south and the unions followed. It is time the unions move to China to help them out. Maybe then the jobs will come back here. For awhile, till the unions follow the jobs back.
Update on the Lawrence (MA) situation.
This would seem to preclude a Congressional candidacy by former Mayor Michael Sullivan.
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