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Saturday, April 18, 2009

Poor budgeting or...

was there something else going on?

Did you happen to see the article in today's Observer Dispatch, New Hartford deals with $550,000 shortfall in sales tax revenue?

How could that have happened when the town had a financial consultant whose firm was paid in excess of $147,000, a bookkeeper who was paid over $58,000 a year and a Town Supervisor whose main responsibility was overseeing the financials of the town?

Concerned Citizens has been analyzing Town of New Hartford adopted budgets from 2005 to 2009, and, in particular, the anticipated sales tax revenue used to offset expenditures. We will be reporting...Stay tuned!

You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.
  • Abraham Lincoln, (attributed)
    16th president of US (1809 - 1865)

1 comment:

Greens and Beans said...

I recall all of us were upset with Oneida County’s proposal to cut OTB revenue sharing. We were all in disbelief when the Dan Guuzewich of the Rome Sentinel reported that “During the discussion it was noted by Roefaro and other legislators that the municipalities might make up the OTB loss through increased sales tax money next year”. (http://romesentinel.com/dailyNews/news?newsid=20081121-141257)
We all questioned how sales tax revenue could possibly increase during a massive global recession? Would Oneida County be exempt from this economic downturn? However, as with all recessions, sales tax revenues would wane as residents restricted their discretionary spending. Well . . . all of us except the so-called highly compensated “financial experts.” Our local elected officials hired them to watch over our local tax dollars. Or what was the REAL reason these experts were hired? Either we are being fleeced or we are the recipients of some rather extensive incompetence that seems to be amassed in one place.