Last Plan Standing?

As we blogged last night, a new metropolis City Council/City Controller organisation was undraped today to address our city's grant crisis. It too incorporates the assets of the metropolis Parking Authority.The disagreement between the new plan and the Mayor's organisation and the older Council/Controller organisation is thus:

It does not wage a windfall for Wall Street.

It does not create debt -- welfare payments -- for the city.

Instead, it solves the problem of needing to bring the grant money (currently 29.3% funded) to the necessary 50% funded by dedicating 30 years of Parking Authority revenues to the grant (guaranteed hardback by the city's general fund). The grant money must be 50% funded by December 31 to refrain a takeover by the state. It uses the underway value of these assets to counterbalance the $220 meg needed.The Brobdingnagian question remaining is where Mayor Luke Ravenstahl stands in all this and if some action is necessary on the conception of his administration. If today's appearance in Council's designer by Finance Director histrion Kunka is some indication, he won't be with it...And according to Jon Delano he isn't.Council's today backwards in session, but I'll be off to work soon. Who knows if anything will be resolved by the time I intend back....