Despite failing to pass a job-killing severance tax during his final months in office, Gov. Ed Rendell is throwing up one last minute Hail Mary attempt to hose Keystone State taxpayers. ATR ally Chris Friend has the story in his latest column:
Shortly before leaving office, Rendell authorized $42 million in taxpayer money to be sent to the Philadelphia Regional Port Authority (PRPA) to help bail out the sinking Aker Shipyard in Philadelphia.
The funding, we are told, would prevent Aker from going under, since it would be building two new tanker ships.
Of course, there’s one small problem.
There are no buyers for the ships. And the prospect of that changing course anytime soon is virtually nonexistent.
For the full story on Ed Rendell’s farewell taxpayer boondoggle and how he’s using it to pay off his buddies, click here.