Friday, February 12, 2010

Thought of the Day - 02/12/2010

Last night, I appeared on NECN's Broadside with Jim Braude to talk about legislation to help finances in the City of Lawrence.

I spoke about the need for a finance control board in the city and the need to avoid simply giving the city and its leaders a bailout without sufficient conditions or controls.


There's no question in my mind that the good people of Lawrence need help. The city has asked the state for help, and now we need to figure out the best way to do that. But when we do that, we ought to make sure that there are safeguards in place to make sure our work is effective and that it will generate long-term success, not just short-term solutions. And, we need to protect taxpayers by minimizing their exposure on the solutions we propose. That's why I believe we should be looking more closely at an option to place the city under receivership or to institute a finance control board.

If you'd like to watch the video, please click here.