Dear fellow voters and citizens of Toledo, Ohio, we were go to the polls, stop and read this line by line first, and then askl

by admin on April 30th, 2010
in News

Link: http://toledoblade.com/apps/pbcs.dll/article?AID=/20100430/NEWS16/4300334

Didn't the city just put forth a "balanced budget."

Or was it a sham based on what if's maybe's and best guess scenario's?

"The budget plan approved by council included all the major components Mr. Bell offered and the assumption for income taxes. If it falls short, the city could end up in the red late this year."

"There has been a steady decline in Toledo's income tax collections, which is the chief reason for budget problems that have snowballed since 2007. Total income tax collections for 2009 were $141.5 million; 2008 were $154.4 million, and collections for 2007 were $169.7 million."

So, yes, please let us vote for new levies and more slight of hand by moving funds from one account to another, while we are lulled into a false sense of security with the movers and shakers, who smoke and mirror us with happy talk and shaky financial figures, and still to this day, continue to rely on the auto industry.

"The city is expecting jobs at Chrysler Group LLC's Jeep assembly plant and General Motor Co.'s Powertrain plant to help."

Many better equipped people, with real financial insight, are issuing warnings on Fiat and Chrysler, but hey, this is Toledo, so Business As Usual.

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