State Finance Agency Criticizes City Council For Not Dealing With DROP
PHILADELPHIA (CBS) – The state agency that oversees Philadelphia’s finances is taking City Council to task for not scheduling hearings on the controversial pension perk known as DROP.
PICA Board Chairman Sam Katz has sent a letter to Council President Anna Verna (pictured) criticizing Verna for not yet scheduling a hearing on DROP, nine months after the Mayor called for the program to be abolished. In his letter, Katz told Verna that her failure to deal with DROP, “Clouds the city’s future fiscal situation,” and “erodes confidence” in other aspects of the city’s long-term budget plan.
KYW Newsradio caught up to Verna for comment: “I haven’t seen the letter. I’ve been so busy that I haven’t had a chance to even look at the folder the girls gave me with the mail today.”
Verna said Council must first deal with approval of the mayor’s new budget, but that she still hopes for a hearing on DROP before they begin their three month summer recess.
Reported by City Hall Bureau Chief Mike Dunn, KYW Newsradio 1060