Twice at the July 14 City Council Meeting the Schwabs memory failed him. First on the tax allocation bonds, to the tune of $13,000,000, (see post further below) I know I would'nt forget such an expensive tune, and the second time when he told the same citizen that he had no recollection of a newspaper article on the city budget that quoted him. The question, according to the tape, the person asked," how the city was going to make up the short fall on the budget?" The short fall according to the article is several million dollars. All I did was go to the P.E. archives and there it is. This is the information given to the reporter by the city and appears on the right of his column. The information given states that the deficit of $4,000,000 will be taken out of the reserve fund. If we have a reserve fund with that kind of money in it why were they trying to put the squeeze on the rental property owners last night? According to the Schwab and the city the article shows " Revenues: $17.5 million- Expenditures: $ 21.5 million- Deficit (taken from reserve fund balance): $ 4 million. (It wasn't that long ago we were a city with a budget of $3,000,000. What do you think happened? This all can't be blamed on the Governor.) That is exactly what it says. I don't believe the reporter just makes this stuff up. I know he attended the budget meeting and interviewed the council members and the Schwab. The Schwab gave us good news though. We are in the black. He said we are in the positive on the budget. Watch out potholes here he comes. To enjoy the whole article and see where $9,500,000 of our tax dollars are being given away to a developer for the senior housing, just click on the link below.I wonder if the developer of the senior housing knows he might have to pay a rental inspection fee. Ahhh, it doesn't matter he'll just pass it on to the old folks.
http://www.pe.com/localnews/sanbernardino/stories/PE_News_Local_B_bbudget13.5805c.html
