Have you ever heard the term, "RAINY DAY FUND"? Well, what you might not know is that the state of Maryland suggests you, (municipalities) retain between two to four months worth of "savings" in your rainy day fund account.
Back in 2012 the City had over $10,000,000.00 in what the City calls their "Unassigned Fund Balance", in other words their rainy day account.
As of recently the City now only holds around $6,700,000.00. Ladies & Gentlemen, this is a serious attack on your savings. The ONLY way to regain those funds is for Jake Day and Jack Heath to RAISE TAXES!
The mere fact that Jake divorced the City from the County and started creating several new departments and additional/new employees is clear evidence that the City absolutely cannot afford this restructure plan. NONE of these departments and positions were in their budget, so how do they afford such growth. Well, because your local media is so tied to the hips of the Good Ol' Boys they've not checked into this rainy day account and have simply covered it up. What I am telling you on funds is an absolute fact and it could actually be a lot worse.
Yesterday I started a firestorm by exposing the County suing the City. Every single news organization went into damage control mode and bombarded Jake Day's office demanding answers. The City came back with a statement more or less stating they want to cooperate with the County but you have to ask yourself this question, ARE YOU REALLY THAT STUPID? The lawsuit is nothing new to the City and they've had plenty of time to resolve the funds they owe the County, so shut the hell up Jake Day, we're not that stupid.
So to all you City Taxpayers, know your savings account is very quietly being raped by your Mayor and Council President. They are covering it up by the MILLIONS.