Wednesday, November 30, 2016

"19TH NERVOUS BREAKDOWN" rolling stones



your the kind of person you meet at certain dismal dull affairs

First let me go on the record that I believe Painesville Finance Director knows his stuff! The city's finances are in capable hands.

It was reported in todays News-Herald 11/30/16 projections of Painesville's finances into the upcoming year of 2017.

"The general fund budget will be 12.4 million in revenue sand 12.4 million in expenses. We will have a $20,000 surplus in 2017." First Andy keep that under your hat. If the Downtown Painesville Organization realizes your sitting on 20 grand rest assured they will be poking around.

Latter in the same article;

He also projected the revenue will be 2.6 million less in 2017 than they were in 2016. And there will be an increase of $600,000 in taxes?

First why and where does the 2.6 million number come from? Why is it leaving and  what increase in what taxes? (City Income Tax?)

There's got to be more of a story behind these numbers?

We also will spend 15 million  to purchase electric power for our city. Now what does all the rest of this operation cost us? Let's purchase a couple of tons of coal while we are at it.

14.6 in capital projects? And what are these? Please let this not be the Storr St. facility? Or the parking garage.

Number's are nice to know, but what those numbers mean is the true story.

2 Comments:

At December 3, 2016 at 6:32 AM , Anonymous Anonymous said...

20,000. surplus? My thoughts... no where near enough. Isnt a surplus supposed to be a cushion? When If the bottom falls out to keep the city afloat for at least 3 months? Maybe Im thinking of something else that Ms McMahon had in reserve?

 
At December 3, 2016 at 12:39 PM , Anonymous TERM>> said...

6:32 The city has numerous funds in numerous departments. they have plenty of cash in surplus.
I agree we should know where it all is.

 

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