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PICA RESPONDS TO BRENNER STATEMENT

 PICA RESPONDS TO BRENNER STATEMENT
 PHILADELPHIA, Dec. 11 /PRNewswire/ -- Dr. Bernard E. Anderson,


chairman of the Pennsylvania Intergovernmental Cooperation Authority (PICA), in response to a statement by Philadelphia City Finance Director David W. Brenner, at Wednesday's meeting of the PICA board, said, "I regret that David Brenner has chosen to ignore the real reasons for the failure to address the city's long-term financial problems and propose rational solutions.
 "From the very first, this authority has made it clear that the city has a responsibility to prepare and present a reasonable and comprehensive plan to improve its financial situation. It would have been better had the amount of time and effort devoted to very expensive short-term financing gimmicks been directed to dealing with underlying problems and preparing a five-year financial plan. PICA has the responsibility to cooperate with the city in its development and implementation of a sound, long-term solution. We take that responsibility very seriously.
 "The authority looks forward to working with the Rendell administration to reach such a solution."
 Brenner's term as an ex-officio non-voting member of PICA will end at the conclusion of Mayor W. Wilson Goode's term as mayor. The PICA Act permits Mayor-elect Ed Rendell to appoint a successor after his inauguration.
 /delval/
 -0- 12/11/91
 /CONTACT: Ronald G. Henry of the Pennsylvania Intergovernmental Cooperation Authority, 215-851-8167/ CO: Pennsylvania Intergovernmental Cooperation Authority ST: Pennsylvania IN: SU:


CC-KA -- PH044 -- 1628 12/11/91 16:40 EST
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Date:Dec 11, 1991
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