Preliminary Vote to Reject Lease Deal Early Enables Final Action on Tuesday 10/19.
Yesterday, a shiny new pensions plan was introduced -- well, not terribly shiny, because we don't actually know what's in it yet (like how much needs to be borrowed, for how many years, what will be the interest, which parking facilities' prices will go up and by how much and why those and how under this framework are we to avoid the same problem with PMRS takeovers for lack of funding in the near-term future).
And the Council members who introduced it 24 hours ago chanted, "The lease deal is dead! The lease deal is dead!," with the fervent insistence of Dorothy repeating, "There's no place like home! There's no place like home!" in a bid to get the media to repeat it and make it closer to being so -- not to mention make the deal's stakeholders panicky and discouraged. This along with folksy arguments about the need to "clear brush" and "clean workbenches" and whatnot.
Am I wrong about any of that?
So they concocted this minute blitzkrieg not to pass their own plan (they're not remotely ready for that yet) but to get rid of the Mayor's plan -- which the public, at their righteous insistence, has been pouring over for months and months -- before the Mayor and the public can spend even 48 hours really looking into their own plan.
So is their new plan any good? Why are they acting so very much like they're afraid that the lease deal will start looking better and better once we find out about this new thing, and about the real economic facts surrounding everyone's pension plans? Surprise surprise, during today's discussion everyone talked a lot more about what's wrong with the parking lease than anything substantive about the "Council-Lamb" scrape-and-borrow approach.
Pretty gangster, guys. Pretty old-school. Not exactly good govern-minty at all. All I'm saying.
REMINDER: What we had forgotten to mention yesterday was this: today's vote is only a preliminary vote. Even by voting against the infrastructure lease now and putting all our faith in freshly squeezed unicorn's milk, the deed would need to be repeated on Tuesday -- and lots of things could happen. For example, the Mayor's office could return from China (like I said, pretty gangster you guys!), or the State could return with worse-than-hoped-for actuarial reports which would shake up the entire dynamic.