The privatization shell game at Commerce

Hey North Carolina. You've been screwed again.

Taxpayers are expected to contribute $90 million over that same period. That’s if Gov. Pat McCrory’s request to transfer 67 positions and an estimated $18 million next year to the new group from the Commerce Department is endorsed by lawmakers in budget negotiations. Draft legislation had initially put the group on the hook to raise $10 million from private sources immediately, but the language endorsed by House and Senate committees will lower that to $6 million over five years, a move that Republican sponsors is more realistic for a startup group.

Really? Taxpayers on on the hook for $90 million, while "private funders" are being asked to contribute barely 5% of that amount? Looks like somebody is playing fast and loose with tax dollars, and somebody else is going to make out like a bandit. Can't wait to see who else gets hired to pull off this scam.

Plus, the new private group will be oh-so transparent under the leadership of Bankrupt Dick, who doesn't want anyone talking publicly about anything, for Pete's sake.

Comments

Public-private partnership

The public provides all the funds, the private folks spend all the funds, except for the healthy chunk they keep as their salaries.

What could possibly go wrong?

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"What I see from the folks who are opposing our agenda is whining coming from losers." -- Thom Tillis

For what goes wrong....

...the public will have to ante up again......

Lawsuits?

One thing I'm wondering about is if there's some issue going on with this partially state-funded group and they wind up getting sued for something if the state would have to pick up the legal tab.

Then again, with the rush to move it into the private sector, combined with the shuffling of the SBI to the McCrory administration, if something's not already going on there that they're trying to cover up or distance themselves from.