I was interested to see how city council handled the $100 million certificates of obligation issue so I watched the video of the meeting.
The city manager repeatedly made the point that “there’s no story here”. He kept telling council that if someone was to make a “report” there is “no story” since all of the money was approved “years ago” and thus there is “no story”
He was evidently trying to tell council that they had nothing to worry about with the voters not liking the issuance of the $100 million in bonds.
I believe that there is a story here.
He, city staff, and city council knew that they were going to need to issue the certificates of obligation but kept that quiet while the $413 million bond issue was being considered by the voters.
A more honest group would have told the voters that the $100 million would be brought at their first opportunity after the bond election.
We deserve better
Brutus
Reminds me of Trump repeating and repeating, “No collusion!” and “No obstruction!” Just because you repeat a lie over and over and a lot of people start thinking it’s true, that doesn’t make it true. Of course, “there is a story here!”
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Oh PLEASE. Trump has been a Boy Scout since hes’s been in office. He’s doing exactly what we elected him to do…..fix Obama’s mess. Our city manager however is doing everything he can to bankrupt and destroy this city.
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Obama had to fix George Bush’s mess.
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Not exactly. He just made Bush”s mess worse.
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On my honor I will do my best to do my duty to God and my country and to obey the Scout Law; to help other people at all times; to keep myself physically strong, mentally awake, and morally straight.
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Exactly.
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Carl Robinson didnt say that.
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Well if the COs were approved “years ago”, you would think that a competent city manager would be on record recommending decreased spending instead of lobbying for cost overruns on his water parks, because it is obvious that the city is now spending more than it can generate in tax revenue. That is the story. I’m guessing the reason they cut the original bond plans in half is that they figured they could just CO the other $400 million over the next year or so without taxpayer approval. And if yesterday’s post is correct, they are going to try to put debt service in a separate non-capped bucket like the school districts do and raise taxes on that uncapped. That is a story, too.
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