Out of a proposed operating budget of $31,006,779 for FY2015, controllable costs are $9,953,178 but they don't seem to be "controlling" them.
According to the report last night, the following changes will take place:
- Ad-valorem up by $527,571 or 9.1%
- Federal/State/local taxes up by $$415,982 or 6.4%
In this serious financial crisis that Lake Worth is in and has experienced, why doesn't the city manager say, "No additional staff, trim your budgets to the bones...no electric rate reduction this year, etc.." But no, they would much prefer to spend $50,000 of taxpayer money to pass a 30 plus year bond to pay for their inefficiencies. I would have preferred that money being spent on marketing our pool and our golf course or fixing some potholes.
These Lake Worth dreams are more like nightmares.
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