You Do The Math

Since no one can get an answer, let me see what I can do here. After all that discussion last night we came to realize there was almost a 10% cushion in the City's Bank Account after ALL is said and done. I could go on and on and on about what they discussed, however, there's about a 10% cushion of almost $4 million dollars.

The City's total Budget is around $42 million dollars. Now I have been in business for many years Ladies & Gentlemen and let me assure you, people are IN BUSINESS FOR PROFIT, a Municipality is NOT! So IF a City/Municipality has around a 10% cushion at the end of the year, something is VERY F'd up! Not according to Pam Oland and the Mayor.

You see, the way "I" see it is, there was $10,200,000.00 floating around, not $4,000,000.00. However, I'll give them the benefit of the doubt and let these liars have it their way and we'll take this to the end and you'll still see I'm right and they're wrong.

Now there's no question they have around a 10% cushion at the end of the year, (according to their own numbers). In business, if you have a good year you're working off a 2% to 5% Net Profit. Any good business person would agree with that. Some do make more, (I do) but that is the National Averages.

That being said, if you have a really bad year, what do you do? You go to the Bank and ask for a loan. Dee, Dee, Deeee, that's exactly what the CITY should be doing, right? NOPE! They want to borrow money no matter what anyway. WHY? So they can pay their Buddies back for Developer Reimbursements and so forth and at that point one has to wonder, can funds be funneled back to others and fraud be an issue? ABSOLUTELY! There's always that possibility. Now I'm NOT suggesting this has happened, you do understand that, right? I mean, God Forbid some local Condos end up in a politician's child's name, or their parents or in laws, you get my drift.

Nevertheless, for some odd reason the City is sitting on a 10% cushion, Developers are getting their reimbursements and WAIT A MINUTE, THERE'S MORE! Then there's a 14% TAX INCREASE to boot! WTF!

So they're running a business that's NOT supposed to be for profit, yet they have 10% floating around, (I think more) and then they raise the taxes 14%. That now makes their profit margin 25%!!!!!!

OK, I've seen just about enough, haven't you? It truly is that simple. The Daily Times won't come up with that math because they don't understand it. I mentioned it to Comegys last night and the Dee, Dee, Deeee said, well we have to come up with the funds to pay all those raises. I said, they're raises Gary, NOT SALARIES! You see, the raises are quite small. The City's not paying out more than $1,000,000.00 in pay increases, it's that simple. You have to know what you're doing and talking about. When you're paying someone $10,000.00 a year and you give them a 4% raise, you're then paying then $10,400.00 a year. Even if EVERY Police Officer got a $10,000.00 a year raise, that's only a $800,000.00 increase and that's NOT 10% of the entire budget, Gary. Not to mention a 14% tax increase.

Anyhow, someone from the outside needs to be hired to help at least the Council to better understand the only reason Pam Oland and Mayor Tilghman are doing what they're doing is to BORROW MORE MONEY! It's all about $10,000,000.00 Fire Stations and $800,000.00 Fire Boats. Barrie Tilghman wants to go to these Mayor Conventions and brag about the financial status of the City like she did last night. That's right, last nights meeting wasn't important enough for Barrie to be there. She doesn't want to face the firing squad and that's yet ANOTHER reason why they cut the last meeting short. Barrie Tilghman is no dummy like Gary Comegys is.