Monday, May 16, 2005

More Tax Bonds

Has anyone other than Council members or staff seen the new budget? Lets take a cursory look. Lets recount. In Nov. the city sold $13,000,000 in tax allocation bonds. Thats your money that won't go for services. We have that established. In April they bought $3,000,000 in goverment securities. The amount they are going to give to Jacobson for the Town Center is, lets say, $6,000,000. The Senior Housing is another $9,5000,000. Thats $15,500,000 plus the $3,000,000 in bonds, althrough they came out of last years budget makes $18,5000,000. The Schwab says we have a $4,000,000 reserve, althrough in last years campaign flyer that Councilwoman Garcia put out said it was $3,000,000. Well lets not bicker over a measley million. Is anyone a little bit curious where all these millions are coming from? I guess not, the better question is where are they going? To developers. I would suggest citizens look at the audits of the RDA. It appears to be chaotic. I'm glad Councilman Hilkey feel its "cool the way the staff has turned the agency around". Hello Herman, they are the ones who screwed it up in the first place. This council has no idea what the staff is doing. They just go along with them and we are the sheep being led to the slaughtered. Oh yes, the general fund. Where is it? You can't find it on the monthly vouchers. The RDA and general fund monies are all run together. The City can say what ever they want about the general fund because they know we won't be able to find it. If it exist. Now according to the newspaper story,revenues are expected to be $17,5000,000 and expenditures are $21,5000,000. Has anyone at city hall heard of living within your budget. The tax payers have to. Why not Council and Staff? Glad you all got 6% pay increases. Now maybe the city workers won't park and talk to their biker friends for an hour when they should be working.
Why do I have this feeling in my stomach that another round of tax allocation bond are coming? If there are not here already. They did'nt tell us about the last one for months.