|Posted:||December 13, 2015 06:15 PM|
|From:||Senator Jake Corman|
|To:||All Senate members|
|Subject:||Privatizing the Philadelphia Parking Authority to Generate Additional Philadelphia School District Funding|
|In the near future, I plan to introduce legislation privatizing the Philadelphia Parking Authority, generating additional revenue for the sole purpose of increased funding to the Philadelphia School District.
Currently, the Philadelphia Parking Authority operates as a state agency, with profits going to the Philadelphia School District after costs and transfers to other transportation operations are extracted.
I believe the Parking Authority, managed through a private operator, will become a much more valuable asset to the public and Philadelphia School District by having the Authority’s commercial practices run by an actual business operator. Under a new management contract, Philadelphia School District would be in line to receive a significant revenue enhancement in order to help fund the rising costs of pension and health benefits which have dramatically impacted the district in recent years.
Thank you for time and consideration of this legislative cosponsorship. If you have any questions, please feel free to contact my office at 717-787-1377.