PRESS RELEASE
For Immediate Release
July 8, 2014
Contact:
Katie McGiveron
Kkss21@bellsouth.net
561-351-8104
LAKE WORTH CITIZENS FORM POLITICAL ACTION COMMITTEE TO OPPOSE CITY'S GENERAL OBLIGATION BOND SCHEME
Lake Worth, FL – July 8, 2014 – Citizens Against Unfair Taxation PAC has formed in order to bring awareness to the voters regarding the City’s scheme to tax every property owner for over thirty years for a $63.5 million General Obligation Bond.
The bond proceeds will be used to pave 30% of Lake Worth’s roads including infrastructure, add fire hydrants and street lighting as well as $9.6 million to improve the Park of Commerce, on privately owned land the city does not own, in order to attract private development.
The issue will be on the August 26, 2014 ballot. The language on the ballot is asking for you to vote FOR or AGAINST the bond issue. C.A.U.T. (Citizens Against Unfair Taxation) recommends that you vote AGAINST for the following reasons:
1. $63.5 million. After interest and expenses, real cost is in excess of $131 million.
2. The tax is over and above the 10 mil cap.
3. We could be the highest taxed city in PBCounty.
4. 30 plus years to pay off $131 million if it ever gets paid off.
5. As property values rise, you could be taxed out of your home.
6. Water rates to rise by 5.25% every year for ten years.
7. Sewer rates to rise every year for ten years.
8. Reserve grab of 18,510,000. City reserves will be DEPLETED.
9. Grabbing $2 million from the Electric Utility Bond.
10. Hiring a project manager for $2,075,000.
Chair of the PAC, Katie McGiveron says,
“Voters should know that those who own property could essentially be opening themselves up for a tax lien on their homes or businesses, for over thirty years, on roads that will only last half that time. They are depleting our savings accounts by taking an additional $18,510,000 and hoping for a $1 million grant for a total spending spree of $83 million. The city has not considered a downturn in the economy, or the possibility of crushing inflation, and the fact that you could possibly lose your home.”For further information, call Mrs. McGiveron: 561-351-8104
Paid Political Advertising. Paid For and Approved By Citizens Against Unfair Taxation, 2121 Collier Avenue, Lake Worth, FL 33461
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4 comments:
I'm with you Katie. We still need these roads repaired though.
Amazingly enough, this $63 million bond would address only 30% of the roads.
Much of it would be spent on the Park of Commerce pipe dream.
Even if the millions that our Commissioners intend to spend there were to result in a complete build out of the entire area, it would be well over 100 years before the City's tax revenue would pay back the investment.
The City can use the $16-$18 million taken from the reserves to repair the roads, but they would prefer to get their hands on the $63 million so they can rub elbows with contractors here in "Corruption County."
I believe you should request 1/2 of the taxpayers money to educate on the Bond issue. I never agreed for my money to pay for an issue I do not support!
ITS A DRUNKEN BINGE... AND NOT IN A GOOD WAY...
$63 MILLION DOLLARS, WHICH COULD TURN INTO
$131 MILLION TO FIX 30% OF THE ROADS???
ARE YOU KIDDING?
Already in debt to over $80 million on previous borrowing...
THIS IS TOTALLY INAPPROPRIATE for a city not CONSIDERED WEALTHY by ANY standard, except for its location... IT CAN'T BE SUSTAINED...
What do you think is going to happen to us? Like Greece, they will sell our coastal parks and city assets for pennies on the dollar...
COMMISSIONERS AND CITY EMPLOYEES ARE ON A DRUNKEN BORROW AND SPEND BINGE...
We are LOSING about $10 million dollars per year ON UNOCCUPIED homes, according to my calculations, by not using our utilities.. NOT INCLUDING TAXES THAT WE ARE LOSING ON BANK-OWNED PROPERTIES THAT HAVE NOT FORECLOSED...
LETS LOOK INTO THAT RACKET... We need those properties occupied, paying utilities and taxes...
AND STOP THIS LOAN SHARK-STYLE BORROWING...
marybeth
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