Showing posts with label city deficits. Show all posts
Showing posts with label city deficits. Show all posts
Sunday, August 3, 2008
deficit spending and audits
MS is projected to have a 280k deficit for this fiscal year and OVER a 1.5 MILLION dollar deficit for next year, or more. We are in the red, and that includes just the interest-only portion of the new gym loan. The following year there will be principle payments to add to the deficit. Is there ANY business that would consider going FURTHER into debt a solution to not having enough money to pay your bills? That can only happen in MS by raising our taxes and fees to pay for their incredible lack of common fiscal sense and/or vision. Its like we are an bottomless ATM that simply dispaenses more money when they have wasted all we originally gave them in taxes. 300k losses at the pool, $400 a square foot and over 200k for each bathroom, 600 a square foot for CC enclosure, no anticipated bathroom hookups, gross overpayment for bathroom elevations and sewer hookup- when does it end? It would be funny except its OUR tax money being continuously wasted by their stumbling, bumbling, and fumbling. Official City documents with DOZENS of errors on it? if we cant trust their numbers how can we trust those responsible for presenting those numbers? A comprehensive and in-depth AUDIT by a reputable firm is the ONLY way to restore any sense of confidence in this administration. NOW.
Wednesday, July 30, 2008
poverty of Council common sense
Lets see, we lost 440k in revenue when the County took over The Water and Sewer Dept; we have added a new salary cost for a new Rec director; FPL will raise their rates to us by 12 %; automatic police pay increases will cost us $163,5000 more; COLA increases to general employees will cost us $86,950; health insurance will increase by 10-20%; elections will cost us 70k; AND we will owe an additional 130k in interest only payments for the new gym project. The City of Miami Springs will lose an estimated $279,305 THIS year and a projected $1,510,304 next year. New York City is projecting LARGE deficits out to 2012. Do THEY know something our illustrious city officials don't? Apparently yes. Revenues will be down and costs will be up, operating at a deficit already - does THAT sound like a time to take on MILLIONS more in debt? Moe, Larry, and Curly think the answer is to spend MORE money, go FURTHER into debt. Then ask the residents to come up with more money in higher millage rates, pleading poverty. Its like the kid who killed his parents and then threw himself at the mercy of the Court, asking for mercy because he was an orphan. If we allow Moe, Larry, and Curly bleed us dry financially with 400k+ bathrooms, etc. then we deserve to be bankrupt.
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