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From the C.A.F.R:
The C.A.F.R. for the period ending September 30, 2013 says that the
financial health of the City is continuing to be under pressure.
The City’s
property values increased for the first time since 2008, by 4.8% or
$50,138,016. Similar increases are expected in the coming year which will help
ameliorate the pressure on financial resources for maintenance of public
infrastructure and staff compensation and benefits. The total net position of
the City at September 30, 2013 was $219.9 million, reflecting a decrease of
$3.7 million.
So, we continue to operate in the "red" and the city needs you to bail them out. They needed you to bail them out by voting in a $63.5 million bond. It wasn't all about roads and infrastructure, was it? They need money just to keep afloat.
Ran into Mike Bornstein last night at South Shore and he looked devastated. They really thought they were going to win this. I really think the only way they could sell this bond was to use the roads as an excuse. Once they got their hands on all those millions of dollars they would have been set to do whatever they needed. Thank God the people saw the scam. I think the entire Finance Board should resign.
ReplyDeletePersonally, they will discount this election just like the last one. This time even more so because it was only a difference of 25 votes. God, what we could have done with more money and more volunteers.
ReplyDeleteWhere does all the money go? Is there a pie chart or graph anywhere?
ReplyDeleteThose of us on fixed income need to be educated.
I just hope the City doesn't throw anymore money away at this rejection. We could have used that money for many others important issues, like potholes:)
ReplyDeleteWell, Lynn, you need to remember that the majority of people voting yes were renters, not business owners or property owners. Many people who rent in LW are blue collar working class people with little or no education for the most part, probably most with no college degree.
ReplyDelete"God what we could have done with more volunteers and more money".
ReplyDeleteWhat lie more?
Bornstein is probably the one behind this entire bond to begin with don't you think? He is just protecting his salary and trying to make it easier for him to run the city. It is too bad that Michael cannot be nice to most citizens in this city and likes to act like he is above them or knows more or better. He has been very bad with communications with citizens. He acts like he doesn't have to be accountable to the citizens of Lake Worth at all. His attitude and condescending ways will be his defeat if he doesn't shape up. All the rich and the phoney baloneys love this guy, they could not see through this scam he and the elected were trying to push on the public. Thank God most people are more educated than he gives them credit for.
ReplyDelete1:21--NAME THE LIES.
ReplyDeleteMy experience, Bornstein does not return phone calls and emails get auto-responded.
ReplyDeleteTaxes going up Thirty Five percent, heard that from Dee on election day (btw you should really keep her off the streets). Once the bond is passed the money can be spent on anything. The forty five page document that was shown to my neighbor before the election, should I go on.
ReplyDeleteThe 35% was from the PBPost editorial. Dee told the facts.
ReplyDeletedid anyone ask Scott Maxwell where that $3 million went?
ReplyDelete