Budget News, Press Release Harrisburg, PA – Governor Tom Wolf today announced he will monetize a major state asset to manage the state budget and ensure that payments can be made to schools, health and human services providers, and other governmental entities. As specified in the governor’s February budget, the commonwealth will begin accepting proposals to execute a lease-leaseback arrangement for the Pennsylvania Farm Show Complex & Expo Center. This arrangement would allow the commonwealth to retain control of the property, while also using its value to protect school districts and other entities that rely on funding from state government.“The failure to finalize and responsibly balance the budget means I must take action to make sure the Commonwealth can honor the commitments approved on June 30 by the General Assembly,” Governor Wolf said. “This further action will mean we can make our complete payments to local school districts and providers of human services, treatment programs, child care and other important services that Pennsylvanians rely on. Pennsylvanians, especially our kids and most vulnerable, should not bear the consequences of House Republicans’ inaction.“I continue to urge the House to pass a commonsense shale tax to address the structural deficit.”The commonwealth will retain ownership and control of the property. This plan will also continue the commonwealth’s commitment to the facility by dedicating additional funds to improve the property over the term of the agreement as the commonwealth continues to own and highlight the facility for Pennsylvanians and visitors from throughout the country.Under this arrangement, the commonwealth will lease the Farm Show to a private entity for 29 years for the fair market value of the property of approximately $200 million. At the same time, the private entity will lease back the facility to the commonwealth for the same term with annual rental payments based on a negotiated interest rate.The review process for proposals will involve multiple agencies, including the Department of Agriculture.This is the latest step by Governor Wolf to manage state finances and ensure the commonwealth can meet its commitments. This announcement follows his actions last Wednesday. SHARE Email Facebook Twitter October 09, 2017 Governor Wolf Announces More Action to Manage State Budget and Meet Commitments to Schools, Providers
Sunderland manager Paolo Di Canio is closing in on a move to appoint Inter Milan’s Valentino Angeloni as his new head of scouting. However, the former Swindon boss has indicated he intends to bring in six or seven new faces this summer to re-shape a squad which only just avoided relegation last season, and he is keen to establish a new scouting system to facilitate a long-term rebuilding programme. Owner and chairman Ellis Short invested heavily in Scotland striker Steven Fletcher and England winger Adam Johnson last summer, handing then manager Martin O’Neill a total of around £22million to land his two main targets. However, Short is keen to adopt a more sustainable approach by, much like derby rivals Newcastle, targeting young talent with sell-on value. Angeloni was himself a professional player and made more than 350 career appearances after coming through the ranks at Sampdoria. He went on to work at Cremona, Torino and Udinese, but moved to Inter in March last year to head up the club’s scouting set-up. The Black Cats have already been actively sounding out potential signings with Basle midfielder Cabral and Maritimo defender Valentin Roberge among their initial targets. Press Association The Black Cats recently dispensed with the services of the vastly-experienced Bryan “Pop” Robson, and it is understood that Angeloni is being lined up as his replacement. Di Canio has wasted little time in recruiting his own staff having arrived at the Stadium of Light along with assistant manager Fabricio Piccareta and goalkeeping coach Domenico Doardo, and compatriot Roberto De Fanti is expected to take on the role of director of football.
Comments AdvertisementThis is placeholder text Published on November 6, 2015 at 5:06 pm This is episode No. 14 of the “On The Beat” podcast, where The Daily Orange beat writers discuss relevant topics in Syracuse football and men’s basketball.You can read all The Daily Orange’s coverage of football, including Syracuse-Louisville here.If you have thoughts on the season, leave us a comment beneath the podcast. Thanks for listening. Facebook Twitter Google+