In all the years Iâ€™ve been writing and blogging, Iâ€™ve run very few â€˜blind itemsâ€™. I donâ€™t do it because thereâ€™s so much good stuff to write about that I can openly source that I donâ€™t have to resort to â€œunnamed officialsâ€ who spoke on the condition of anonymity. But this is not one of those times.
According to some closely placed sources who spoke on condition of anonymity, down at Allentown City Hall, the phrase, â€œAct 47â€ is reverberating through the hallways. You may remember that just two weeks ago, The Morning Call reported and this blog commented on the fact that the $10 million borrowed bailout isnâ€™t working quite the way we were all led to believe it would. With a lot of bills coming due in the next year or two, the option of entering the stateâ€™s municipal fiscal distress program may be looking like it might be the only way out.
And then thereâ€™s the story about a regional organization that decided to create a non-profit foundation so they could give money away to projects they wanted to support. Just one little problem: The foundation has been giving away more money than theyâ€™ve been taking in. Where did they get the money from? Theyâ€™ve been borrowing it from the organization with which theyâ€™re affiliated. The foundation is now in debt to the â€œmother shipâ€ for well in to six figures. So much so that at least one donor who became aware of the situation has decided to not honor this yearâ€™s pledge.
Looks like thereâ€™s going to be a lot of talk soon about how people handle other peopleâ€™s money. Where is Donald Trump when you need him?