Claimed, stated, alleged, quolted many times by DemocraticVoiceOfReason
Schenectady is in a renaissance. The Democrats are doing a WONDERFUL job in the city. Every thing is oh so good.
Cluck, cluck, cluck. What do you say now?????
Exclusive:
Quoted Text
Schenectady finished 2011 with $5M deficit
By Lauren Stanforth Updated 12:19 p.m., Wednesday, May 2, 2012
SCHENECTADY – Mayor Gary McCarthy said Wednesday the city finished last year with a $5 million deficit – but tried to assuage public concerns by saying the city will plug the hole this year with other revenue and savings.
Schenectady, along with all other municipalities, on Friday turned in its 2011 end-of-year financial report to the state Comptroller's Office.
McCarthy confirmed talk that had been swirling around City Hall for months — that the city has no money – particularly after it paid $1 million to Schenectady County earlier in the year for back taxes, taking Schenectady's rainy day fund down to near zero.
City Council members had also been discussing, mostly privately, how they need to dig into this year's budget and start cutting.
But McCarthy's acknowledgment Wednesday make it clear just how troubled the city's finances are.
"We now have to do foreclosures and internal cost controls so we'll finish 2012 close to breaking even," McCarthy said.
"It's not good," the mayor said, "but it's the reality of it."
The situation harks back to 2004, when then-new Mayor Brian U. Stratton took over for Mayor Albert P. Jurczynski and found a budget already $700,000 in the red. Moody's Investors Service downgraded Schenectady to the lowest rating of any municipality in the state.
How Schenectady will manage to create a 2013 budget, without deep cuts to services and a large tax increase, is unknown. Over the years, the city has used millions of accumulated reserves to balance the budget. But with no money left, the city might face few choices beside cuts or tax hikes to balance the budget.
McCarthy said he didn't want to comment on next year's budget planning, other to say there is revenue out there – like the renegotiation of its sales tax contract with the county.
McCarthy's opponent in last November's election, former Union College president Roger Hull, made the city's dire fiscal state his largest campaign platform. The race was a nail-biter, with McCarthy winning by fewer than 100 votes.
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
"Hey Mayor McC, I want to withdraw my offer on the house you encouraged me to buy on your bus tour."
Yeah, wonder, first, how many houses did get offers. Second, how many of the prospective buyers got approved for a mortgage. Third, how many of them now want out of their contract.
OH NOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!
And in terms of McC's open house thing, the mayor MUST come clean and divulge to the taxpayers the results of those open houses! Since it was taxpayer funded city and school district employees who did this, the taxpayers have a birthright entitlement to know what houses are part of this deal, what the offers were, who is getting taxpayer subsidy (down payments, subsidized interest, etc) to buy a house, what the sale price is, heck, did houses even sell?
Come on McC, out with the details
.
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
Do not fret Mayor McCarthy stated he will plug the $5 MILLION deficit the DEM morons created "with other revenue {taxes} and SAVINGS". ROTFLMAO! The DEMS have $75,000 in the bank but decided to work together stiffing the City schools and instead paying the County. Keep the implosion going!
I will not and cannot pay more taxes What in the hell do we get for it? Crumbling roads, rampant crime, well you all know how it is.
But give those raises city hall and keep rebuilding an emptying downtown and to hell with the residents.
And remember what DV says using the "hamburg" name, that it is IMPERATIVE that evidence techs be given expensive cars with which to take daily pleasure drives far outside the city.
.
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
Sure sign that Metroplex is working well and making the renaissance happen.
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
It's just proof positive that what DV says, the things he supports are ruining the city big time.
Proof positive that what I have stated is the truth. Proof positive that spending hundreds of MILLIONS of dollars on downtown has NOT improved the city. Proof positive that exempting the superwealthy owners of downtown properties from paying taxes has done NOTHING whatsoever for the city.
Here is the TRUTH. And it is backed up by THE EVIDENCE
So, DV aka ham, aka VM, aka GG, aka Scots..... guess you are too much of a chicken to come on here and post that you were wrong and we were all correct and you were wrong. See that, we have provide evidence and documentation of the waste of taxpayer money and have stated over and over and over and over that it is bad for the city to spend like that.
So, do you STILL think that the city should put it self in a deeper hole to build more residential units (on the alco site) when the city has more EXISTING VACANT residential units than it can handle? Do you STILL think the city should steal the taxpayers' money to create more traffic jams while driving through the city? Do you STILL think that city should steal money from the taxpayers and provide city employees with expensive vehicles to take pleasure drives far outside the city? Do you STILL think that Morris should be getting two STAR exemptions (oh yeah, you don't know what STAR is anyway).
The most vocal (on these boards) supporter for the dems in the city and he will avoid responding, much too embarrassed, huh?
.
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
As far as I'm concerned any tax/fee that the residents are forced to pay should be considered a tax and government should be forced to have to operate with a reasonable tax rate that can't be raised by finding ways to get around the laws.
Logged
Do not fret Mayor McCarthy stated he will plug the $5 MILLION deficit the DEM morons created "with other revenue {taxes} and SAVINGS". ROTFLMAO! The DEMS have $75,000 in the bank but decided to work together stiffing the City schools and instead paying the County. Keep the implosion going!
What in the hell do we get for it? Crumbling roads, rampant crime, well you all know how it is.
