Unfortunately this has been an ongoing shell game since Marco Island became a city. It just is a little more refined. The problem is that if they really show us taxpayers what they are doing with the money, it will show that they've co-mingled so many funds and paid for budgeted items with fund reserves that were assigned to other areas, that down the line, we'll be left with a deficet and no way to pay for it unless we tax everyone much higher and/or sell more bonds to pay for older bond covenants. We already have one bond fund where we pay interest only for 13 years (nothing on principle). Unfortunately no one can get detail information from the city because they don't want anyone to know about it......and we thought Harrison was playing games??? What a mess! And the City Council with their bobble heads just sit there and say yes, yes, yes, without asking the hard questions. I was for the city and not an anti city person, but now I really wonder.
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marcofriend writes:
Unfortunately this has been an ongoing shell game since Marco Island became a city. It just is a little more refined. The problem is that if they really show us taxpayers what they are doing with the money, it will show that they've co-mingled so many funds and paid for budgeted items with fund reserves that were assigned to other areas, that down the line, we'll be left with a deficet and no way to pay for it unless we tax everyone much higher and/or sell more bonds to pay for older bond covenants. We already have one bond fund where we pay interest only for 13 years (nothing on principle). Unfortunately no one can get detail information from the city because they don't want anyone to know about it......and we thought Harrison was playing games???
What a mess! And the City Council with their bobble heads just sit there and say yes, yes, yes, without asking the hard questions. I was for the city and not an anti city person, but now I really wonder.
Share your thoughts
Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.