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"Councilor Chuck Kiester said he was very upset about the $4.2 million deficit and the reason for it.
'Yesterday, I found out what was going on,” he said. “We were buying with no money in the bank based on future bonds.'"
Going senile, Chuck? They've been doing this from the beginning and you've known it all along. This was the financial basis that CARES used to oppose the first sewer bond in court nad the State Attorney General's office supported us!
"City Manager Jim Riviere explained the practice as “ledger loans” confirming the loans had been approved in the past. In his tenure, he said, he had not approved any “ledger loans” and had never found cross-over between general and utilities accounts."
Oh goodie, goodie! Now y'all have a name for the deception! Big improvement!
In the words of George W. Bush: "Y'all miss me yet?"
Ed FosterFounder and First Chairman of CARES,Citizens Advocating Responsible Environmental Solutions, Inc.
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