This was just sent out by Mayor Nutter's press office. Here's a link to
» READ MORE: the letter.
Thursday, November 13, 2008 FOR IMMEDIATE RELEASE
MEDIA ADVISORY
MAYOR NUTTER TO DELIVER LETTER TO TREASURY DEPARTMENT URGING FEDERAL ACTION FOR CITIES
Philadelphia, November 13 – Philadelphia Mayor Michael A. Nutter will visit Washington D.C. tomorrow to hand-deliver a letter to the Treasury Department calling on the federal government to provide assistance to American cities dealing with the effects of the global financial crisis. In a letter to Treasury Secretary Paulson signed by the mayors of Philadelphia, Atlanta, and Phoenix, Mayor Nutter requests that the Treasury Department use a portion of the $700 billion Troubled Asset Relief Program to provide loans to city governments to assist with pension costs, provide $50 billion in loans and grants to cities for infrastructure investment, and provide short-term loans for cities to address cash flow needs resulting from an inability to borrow.
Mayor Nutter will also meet with the Assistant Secretary of Economic Policy at the Treasury, senior staff from the Committee on Ways and Means, senior advisers to House Speaker Nancy Pelosi, and a policy adviser on President-elect Barack Obama’s Transition Team.
WHO: Mayor Michael A. Nutter
WHERE: 30th Street Station, Philadelphia
WHEN: Friday November 14, 2008 6:05 am (Note: this is the train departure time)