Important to know the approach were taking here. Are there costs to be cut . Yes. Are the things we can do to become more effective . More efficient . Yes. But i also believe the Postal Service is a vital tool of commerce and a thriving vibrant, productive Postal Service is essential to our economy. We cannot ignore this. Think about the world of the internet, think about the way commerce is moving, the way we communicate, how we send bills and kmoocommunicate as a nation. You have to have a vibrant, thriving Postal Service to achieve that. Thats why i think so many people are here today and rithser one of the most important things our committee will be addressing and taking care of and thats the goal and what were trying to achieve and i thank you all for being here. We should have a good hearing today. With that, Ranking Member, mr. Comeings of maryland. I want to thank you for your hard wi hard work and staff on both sides working so hard for a long time to try to resolve the many c
Mail, they face an unprecedented financial crisis. Since 2006, mail volume has declined more than 25 or about 60 billion of pieces of mail annually. Theyve lost money for nine straight years. They face mounting longterm financial challenges. They have 54 billion for retiry health care and has exhausted its statutory debt limit and it lacks the funds it needs for critical infructure investmeinv. And a Delivery Fleet think about all the millions and millions of postal boxes that need somebody to come deliver the mail to them. It is a miraculous thing that for less than 50 cents, you can put a stamp on an envelope and a day or two or three days later, its going to show up at another address in the country. It really is truly amazing. But if youre going to purchase new delivery vehicles, youre going to need money and its something that the Postal Service does not have. In the mean time, they must manage a Delivery Fleet of vehicles on average is 20 years old and costs 20 billion a year in
We will see showers here pretty soon. Meanwhile it is mile. We have retain the warmth from yesterday because of the clouds, overnight, south southeasterly wind at 8 miles an hour. We will see flag blowing right there. 6 25 is our sunrise time. We will get a high of 65 degrees today occasional showers heavier rain depending on where you live and then 48 degrees is the overnight the low tonight, so that takes you through your tuesday, but bob kelly is here and he is feeling seasonal allergies. These allergies that you have been talking about, turf use my barry white voice. I cant get enough of your traffic. A live look at the vine street expressway, opened for business this morning. It had been closed on the overnight. Traffic coming into downtown not a problem at the moment. So again this construction closure for the next couple of days it is going to impact us from midnight to 5 00 a. M. Last night the they work on the eastbound side, tonight into early tomorrow morning, they will work
272 million up to 326 million but the portion in waste waters budget is going down because of the refunding. Why is it from accountability departments and its the timing. I mean with the bonds were issued. Thats right. Thank you todd. So this is a higher level of looking at the our Capital Expenditures for the next couple of years. As you see and todd will be going over those slides. What we plan to finish with the next couple of years is the conceptual is the digest facility and the cbs i p the improvement project. Also begin to cabin the review project and complete construction of all the e i ps that karen has presented and complete our upgrade side with the Water Assessment weve been talking about. So those are the sources of fund as you see the majority of increases are in the backs of our rates and were conscious of that. Very little bit coming from other sources. Mr. President. Commissioner torres going back to the f y the conceptual bio solids digestive some people think thats t
Was approved and issued and were on schedule. Our counter schedule is for the analysis to be golden gate done at the end of the year and into the environmental phase and move the project on schedule. There was a lot of work done over the last decade planning this promise but through your direction set, of course, hired a consultant and working on a final project that will be into construction by the 2017. All im saying is we could have move forward faster. I think dr. Jackson is talking about this goes back to the late 18 laughter dont quote me on that. Truly unfortunately, we cant change i applaud where were move now and said the challenges. I want to make sure were sensitive to the concerns i know you are about your general manager concerns so were moving ahead thank you i believe commissioner caen its her first meeting on the commission from 17 years ago i believe we were presenting to the digesters. But were happy to be where were at and we look forward to the next few years with a