I received a response to my email about West Vincent Township
deficit spending in 2015 and 2014 and potentially deficit
spending in 2013, here is the mail in it's entirety.
"The 2013 report also includes this line item which does not
exist in 2014 or 2015:
391.00 Proceeds of General Fixed
Asset Disposition 875,000
I believe this refers to the cash that was taken out when
refinancing the bond; if we did not have this, then 2013 would
have been a $475K deficit."
OK, so that confirms my speculation that the borrowed money from
the bond refinance propped up the West Vincent Township
Administration's run away spending. Now, let's calculate what
the real deficit spending is.
Total: $1,329,000 (One million, three hundred twenty-nine
How is it that the former Manager was bragging about fiscal
responsibility? We know for a fact that in 2014 alone, the Roads
Department overspent by almost $500,000. Here is the screenshot
from the 2014 Budget vs. Actual report:
I hope that under the new management of Jacobs and Schneider,
your tax dollars will be protected, used properly and there will
be no deficit spending.
To see my
previous mailings just Google chickenman west
vincent. As usual, if you want to be on or off my
list, or have some comments or suggestions, or know
someone who would like to be on the list, please let
me know. Just write to email@example.com
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