Friday, October 30, 2020

Letter to the Editor: Creative Accounting to Pay for Roadway Repairs?


This is a follow up to my previous letter to the editor. I researched the source of the $1 million Mr. Grifoni reallocated to the Roadway Repair and Maintenance Budget for FY 2018 while following through with his promise not to raise the millage rate. Mr. Grifoni worked with the Finance Director to locate surplus funds in the Water and Wastewater Utility Funds. There were a few Utility Capital Projects that came in under budget; those were the funds transferred to the General fund.

How is it possible that Utility would have SURPLUS FUNDS WHEN THE Utility has $100 PLUS MILLION DOLLARS OF DEBT! In addition to that, the Utility Rates were INCREASED by 2.3% for FY 2018! AREN’T THE UTILITY RATE PAYERS ALSO TAX PAYERS?

HAD YOU INCREASED THE MILLAGE RATE $0.10 PER $1,000 of TAXABLE VALUE, RESULTING IN THE $1 MILLION NEEDED TO REPAVE THE ROADS, MAKING IT MORE TRANSPARENT AND FISCALLY RESPONSIBLE!

Respectfully submitted,

Amadeo Petricca

Marco Island

Leave a Reply

Your email address will not be published. Required fields are marked *