It has finally happened: Pennsylvania House Democrats have named their appointment to the five-member panel that monitors Philadelphia's finances. That entity is the Pennsylvania Intergovernmental Cooperation Authority, currently composed of three Republicans.

This will allow PICA to conduct more official business. This month, the authority cancelled its meeting because there was little to do with just three members.

Now Pennsylvania Senate Democrats must make the remaining appointment.

For now, meet Greg Rost, the House appointee. Here is the press release:

HARRISBURG, April 13 – House Democratic Leader Frank Dermody has appointed Gregory Rost to the board of the Pennsylvania Intergovernmental Cooperation Authority.

"Mr. Rost knows Philadelphia and understands the fiscal challenges that face the city," Dermody said. "He was a key staffer for Mayor Ed Rendell, including three years as the mayor's chief of staff, before moving on to take senior positions at Temple University and, since 2006, the University of Pennsylvania.

"His financial and administrative background prepares him very well to take on the responsibility of serving on PICA. He understands why PICA exists and he understands the impact that its decisions have on the daily lives of Philadelphians."

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