DOE delays Panel vote on acquiring Reliant busing
DOE has made another incongruous and costly decision related to busing, this time to create a new non-profit that will acquire the Reliant company that apparently owes millions in unpaid pension and health insurance costs. Their debt, according to the NY Post, may be as large as $148 million. The contract was about to be voted on tonight Nov. 17 at the Panel for Educational Policy but was postponed because of the unresolved questions and concerns of Panel members.
As I said to the NY Post, "Without knowing the cost of the company and what kind of debt the city may be assuming, it is impossible to tell whether this is a good deal or not. In any case, for the DOE to take on more financial risks and obligations at this time seems irresponsible, given the economic crisis we face.”
DOE officials have so far refused to release the proposed contract with this new non-profit, called NYC School BUS, CONTINUE READING: