This is extremely thought-provoking and worth taking a few minutes to read. It may also make you glad you live in Pennsylvania!
http://247wallst.com/2010/10/29/the-ten-great-american-cities-that-are-dying-of-thirst/2/
Daily Archives: November 1, 2010
Wilmington Trust Sold To M&T Bank
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Yet another local bank is being gobbled up by a larger one. Wilmington Trust has been purchased, at a very discounted rate, by M&T Bank after being bailed out in 2008 by the federal government.
Wilmington Trust made a profit every year from 1903 to 2008 when they lost their proverbial shirt on construction loans.
For those of you who like trivia, M&T Bank and First Niagara Bank are both Buffalo, NY based banks and have recently purchased Philadelphia area banks.
Once the sale goes through next summer, Wilmington Trust branches will be renamed and M&T Bank will become Delaware’s largest bank (deposits).
Tomorrow Is Election Day In Pennsylvania
Tuesday, November 2, 2010 is election day in Pennsylvania. There are many important races. We are electing a new governor and a new U.S. Senator. Other races include U.S. congressional seats.
Get out and vote! Polls are open from 7 am to 8 pm.
Pottstown Polling Places:
Schuylkill County Borough Plagued With Arson
Minersville Borough, Schuylkill County, has had 9 fires since April 24, 2010. The latest fires occurred one week ago. The arsonist struck once, the fire was extinguished. Two hours later, another home was set on fire a block away.
Residents are deeply concerned and even fearful. They are being encouraged to keep lights on and their eyes open. A crimewatch is hopefully being started and police are stepping up overnight patrols. A reward is being offered for information leading to an arrest.
Anyone with information is asked to call Crimestoppers, toll-free, at 1-877-TIPS4SC. Individuals with information can also contact Minersville police directly at 570-544-6212. All information received will remain confidential.
Spring-Ford School District Losing Both Superintendent And Assistant Superintendent
Makes me wonder what’s in the water over there! Both the superintendent and assistant superintendent have announced their plans to retire at the end of the school year, leaving Spring-Ford without an easy replacement option to fill the top job. How often does that happen??
Pennsylvania Experiences Revenue Decrease For October
Some disappointing financial news for Pennsylvania. Revenue collected for October was 3.2% below projections, which translates to $57 million dollars less than expected for the month. $44 million of the shortfall was in the personal income tax category.
We aren’t out of the woods yet!
North Penn School District Refinances Bonds – Saves Megabucks!
North Penn taxpayers should be rejoicing today. Their school district refinanced bonds from 2003. By taking advantage of lower interest rates and competition from lenders, the district will save $1,067,000.00! WOW! This savings will be realized in the 2011 & 2012 fiscal years.
Kudos to North Penn officials for planning ahead and being thrifty with taxpayer money during a recession!
Roy's Rants - For Your Information 