IS IT TRUE MARCH 25, 2019

first_imgWe hope that today’s “READERS FORUM” will provoke honest and open dialogue concerning issues that we, as responsible citizens of this community, need to address in a rational and responsible way?IS IT TRUE we found it interesting that the former one-term Mayor of Evansville and current City Controller Russ Lloyd, Jr. is defending the City $10 million dollars plus deficit spending as of February 28, 2019?IS IT TRUE the City Controller seemingly feels because former City Councils and Mayors of Evansville also experienced some deficit spending it’s ok for the Winnecke Administration to do similar?IS IT TRUE when former Mayor Russ Lloyd, JR. tried to do some deficit spending the DEMOCRATIC controlled City Council won’t allow him to do so?  ….during the third (3rd) year of his tenure as Mayor, City Council forced him to cut $12 million dollars from his proposed city budget?IS IT TRUE that former Evansville Mayors Jonathon Weinzapfel and Frank McDonald Jr. not only lived within their budget restraints and when they left office they had impressive cash balances and “Rainey Day” funds?IS IT TRUE isn’t it the responsibility of a City Controller to make sure that the Mayor and City Council members live within of the budget restraints?  …we can guarantee that the City Controllers that worked for Mayors Jonathon Wienzapfel and Frank McDonald Jr. made sure that the City lived within their budget restraints?IS IT TRUE, that in accordance with the Securities and Exchange Commission (SEC) and the Financial Industrial Regulatory Authority (Finra) all cities and towns with populations of greater than 100,000 will be required to report their financial status by using the accrual method of accounting for the year ending December 31, 2019? …that Indianapolis, Ft. Wayne, and South Bend have been using the accrual accounting method for many years? …over the years Evansville has been receiving adverse opinions from the SBOA in regards to overdrawn accounts? …that the current monthly financial reports by the City weren’t compiled by using the accrual method of accounting?  …once the Winnecke Administration is forced by the State Board Of Accounts to report all their unrecorded liabilities including leases that the Bond rating of the City will be greatly affected?IS IT TRUE Revenue Bonds are rated based on the revenue they generate to make principal and interest payments, and based on any assets pledged to secure the bonds? … Corporations are judged on their ability to generate earnings, while a municipality may issue a bond backed by fees from a toll road or a sports venue?  …a state or local municipality may also issue a general obligation bond, which is backed by the taxing power of the municipality? …the more revenue a bond can generate, the higher its credit rating?IS IT TRUE the local “FOP Political Action Committee” recently held a meeting to discuss political endorsements for the upcoming City Council primary? …many people were surprised that the “FOP Political Action Committee” only made only one endorsement in the upcoming primary race?  …that the committee endorsed the 2nd Ward City Councilwomen Missy Mosby?IS IT TRUE we were told by an unreliable source that Structure Point Engineering was responsible for the design and engineering flaws of the $18 million dollars North Main Street renovations project?  …this rumor was totally incorrect?   …the bottom line is the Structure Point Engineering has an impeccable reputation in the Engineering and Design profession?  …we are pleased that Structure Point Engineering was recently selected by the”Vanderburgh County Jail Study Committee”  to do the Design and Engineering work for the new renovations of the jail?IS IT TRUE our staff member went to the Grand opening of BUD”S (Rocking Country) BAR AND GRILL on Friday evening and was really impressive in what he observed? …by 9:00 PM the place was jammed packed with people waiting to get in?  …the atmosphere was festive and the food was very appetizing and affordable?  …the band were really talented and played down home county music?  …if you’re looking for a “Downhome Place” to enjoy great county music and delicious food,  BUD”S (Rocking Country) BAR AND GRILL is the place to go to? …we give five (5) cheers to K. C. Chesser and his business partner Chad Brady for bringing this exciting Country Bar and Grill to the Westside Franklin Street area?IS IT TRUE that a member of our staff went to the Civic Center to conduct some business?  …that Dottie Thomas, Chief Deputy Treasurer waited on him and she did a superb job in assisting him?  …Dottie Thomas was not only extremely professional but she knew her stuff?  …we need more people like her working at the Civic Center?Todays“Readers Poll” question is: Do you feel that it’s unacceptable for the City of Evansville to have a $10 million dollars spending deficit during the second month of this calendar year?Please go to our link of our media partner Channel 44 News located in the upper right-hand corner of the City-County Observer so you can get the up-to-date news, weather, and sports. We are pleased to provide obituaries from several area funeral homes at no costs.  Over the next several weeks we shall be adding additional obituaries from other local funeral homes.  Please scroll down the paper and you shall see a listing of them..If you would like to advertise on the CCO please contact us at City-County [email protected]:  Any comments posted in this column do not represent the views or opinions of the City-County Observer or our advertisers. FacebookTwitterCopy LinkEmailSharelast_img read more