1. Unload Our Gas Company
A new study by the Economy League dubbed the Gas Works a “chronic” problem, with too many employees, a too-poor-to-pay customer base, and a governance structure that makes room for more than 30 (!) elected or appointed officials. And while the city is supposed to earn $18 million from PGW each year, in reality it gets nothing. The city could sell the thing, but who would buy it? Mandel says there’s a strong case to be made for giving the Gas Works away. The city shouldn’t be in the gas business, which forces it to act as both the landlord and the social service agency that lends the tenant aid.
WHAT WE GAIN: If a private company takes over the Gas Works, we earn extra taxable revenue we’re not getting now on the land. WHAT WE SAVE:
$1 billion in debt obligations.