July 16, 1997 |
The city may not be plowing money into the proposed Hilton Garden Inn atop the Gallery II parking garage, but taxpayers have already shelled out more than $24 million on the garage itself. Since the garage was finished in 1984, the city has made annual payments to its owner, Parametric Associates, to offset the firm's losses and to enable it to repay money it borrowed to finance the structure at 11th and Arch streets. City Council approved the complex deal for the construction of the Gallery II mall, the garage, and adjacent One Reading Center office building in 1982 at the urging of Mayor Bill Green.
April 24, 1987 |
The Goode administration, in an apparent attempt to force better service out of SEPTA, has taken a step that may risk a shutdown of rail and transit service in July. Public Property Commissioner Dudley R. Sykes, who negotiates city subsidies to SEPTA, has notified the agency that the city will not renew its existing subsidy agreement after it expires at the end of June. Without an agreement, SEPTA board chairman Lewis R. Gould said today, the agency would face "a very distinct possibility" of a systemwide shutdown.
October 31, 1990 |
Thousands of mass-transit riders in the Philadelphia area soon may get an unexpected bonus at work - a $15-per-month, tax-free subsidy to offset their cost of using public transportation. Area companies will be asked to provide the subsidy under a program being developed by the Delaware Valley Regional Planning Commission. The so-called Commuter Benefit Plan could be operating by January or February, commission officials said yesterday. The program would take advantage of little-known provisions of the Deficit Reduction Act of 1984 and the Tax Reform Act of 1986.
December 1, 2009 |
At a time when the unemployment rate tops 10 percent, many unemployed Americans will no longer qualify for federally subsidized health insurance. That's because a nine-month health-insurance subsidy that was part of the federal stimulus legislation began to end yesterday for many who have relied on it. As many as seven million people were eligible for the subsidy in 2009, according to government statistics. People who have not used up their nine-month subsidy will be able to finish it. But no one laid off after the end of the year will be able to start using the subsidy.
June 22, 1994 |
Joined by an influential Republican state senator, the state-owned South Jersey Port Corp. went public yesterday in its hardball political campaign to avoid being privatized by tax cutters in the legislature and governor's office. The senator, John Matheusen of Gloucester County, toured the agency's Beckett Street terminal in Camden, then heaped praise on its chief executive, Joseph A. Balzano. "What we've seen here today," he said, "certainly solidifies the South Jersey Port Corp.
December 13, 1998 |
The American bailout of Canadian clubs continues - and rightly so. Among the news items coming out of last week's NHL board of governors meetings in Phoenix was that the league had approved continued funding for three distressed Canadian franchises. This season, $3.5 million each was made available to Calgary, Edmonton and Ottawa. At least that much will be given next season. If you're the Flyers, with a $42.3 million payroll - second highest in the league - $3.5 million is chump change.
February 11, 1986 |
People who qualify for the federally funded Low Income Home Energy Assistance Program will receive an unexpected 20 percent increase in yearly grants to help heat their homes this winter, Gov. Thornburgh said yesterday. But even with the increase, most recipients still will be getting a significantly lower subsidy than they received last year. The state said it doesn't keep figures on the average subsidy granted statewide this year because of the formula's complexity. The Philadelphia Gas Works said its records indicate PGW customers who qualified for the subsidy have received an average grant of $139.
August 17, 2011 |
Rutgers University forgave $100,000 of its football coach's interest-free home loan last year. Its women's basketball coach got monthly golf and car allowances. Both collected bonuses without winning a championship. Meanwhile, the history department took away professors' desk phones to save money and shrank its doctoral program by 25 percent. After funding cuts by the deficit-strapped Legislature, the state university froze professors' salaries, cut the use of photocopies and jacked up tuition, housing, and fees.
July 19, 1987 |
Seven Main Line school districts received the basic-education subsidy funds they expected to keep their secure financial positions in the coming year, the Pennsylvania Department of Education announced last week. The awards make the districts luckier than some Delaware County counterparts, which will receive less money from the state than they had anticipated. The Delaware County districts - Southeast Delco, Upper Darby and William Penn - were disappointed to learn that they would receive from $156,000 to $220,000 less than they had budgeted for the 1987-88 year.
April 25, 1987 |
In an attempt to force SEPTA to provide better service, the Goode administration is trying to tie the city's $40.8 million subsidy to the transit system to more participation in policy-making. "We want to make sure that we have the necessary checks and balances, the necessary oversight involvement in major policy decisions," Mayor Goode said yesterday. "I have experienced dissatisfaction all along with (SEPTA's) overall management, with overall safety policy, with their responsiveness to the city in various areas," Goode said.