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Roswell’s Cash Cow

Roswell property owners are Roswell’s cash cows.

Dear Roswell Property Owners,

Be very proud of yourselves because you are Roswell’s cash cow.

Now I won't bore you with all the details, but as a property owner myself, I want you to know that this bond is a “BAD” deal. 

Before next Tuesday’s vote I will leave you with three facts and a link that I am convinced is very informative and will give you the facts that the city really doesn’t want you to know.

Fact 1:

This bond referendum question is “Not project specific” so stated Roswell’s legal counsel David Davidson just prior to Roswell Council’s voting to place it on the November ballot. The city website confirms that reality with the statement:

“The City is considering projects related to transportation and infrastructure improvements, public safety and parks, which include but are not limited to”………….  

All one has to do is read the question when you are at the polling booth to understand just how vague this bond question really is.

Fact 2:

Roswell is sitting on $25 million in cash “above” reserves. Yes, excess, totally unallocated monies, as noted in this Fiscal Year Budget (Page 36 & 37). All the proposed projects can be paid for with existing funds and revenue.

Just because you can get money with little interest doesn't mean you should (that is if you consider $1.6 million little interest). I think it is pretty brazen of the city to ask us to tax ourselves when they have already overtaxed us and are sitting on plenty of money to fund their project list.

Fact 3:

Since 2008, the Roswell city government has spent around $32 million more than they have taken in. To continue this level of spending the city is looking to raise taxes next summer because they can't control spending. I've tried a few times to get them to go on record one way or the other but they won't take a position, but mark my words, next June (and again in June 2014), they will quietly try to raise our taxes.

Unfortunately, I've spent way more time than I would like analyzing the city's financials over the past 10 years, challenging city officials about the misuse of taxpayer’s money, and if you can believe it, even correcting the Roswell Finance Director on the actual terms of this bond. 

If you want all the gory details go to:

http://www.rffr.org

Trust me, as Roswell’s budget hawk, everything presented on this site can be confirmed on the city’s own website.

I am certain that once you read the facts, you will

                 Vote NO on the Roswell Bond on Nov 6th.

And finally, for those of you who get your water from the city this is only the first shoe to fall. There’s another $16 million bond coming for y’all !

Lee Fleck

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Tom Cork November 01, 2012 at 03:07 PM
WAKE UP YOU CASH COWS----PROPERTY OWNERS!!!! THE ROSWELL CITY GOVERNMENT IS "OUT OF CONTROL", OVERSPENDING ABOUT $6 MILLION PER YEAR SINCE 2008, WANTS YOU TO VOTE ON A $14.6 MILLION DOLLAR BOND THAT IS MORE DEBT FOR TAXPAYERS WHILE TRYING TO GIVE US "WANTS" INSTEAD OF "NEEDS". IN A YEAR OR SO, IF THE BOND PASSES, WILL GIVE THE INCUMBENTS A "PHOTO OP" SO THEY CAN SAY, "LOOK WHAT WE GAVE YOU, SO NOW YOU CAN GIVE US WHAT WE WANT----RE-ELECTION. DON'T BE A SUCKER STAND UP TO THIS "OUT OF CONTROL" CITY GOVERNMENT.
Cade Thacker November 01, 2012 at 05:10 PM
Great points Lee. About Fact #1. The city is quick to say they are committed to the project list, but are slow to put that in legal language. Here is your quote of the day on the bond: Councilman Dippolito: “If we list a specific project [on the ballot], then we are ham strung and we have no other way to use that money.” Well, simple enough. Not Binding == Possible Bait and Switch
Martin Howell November 02, 2012 at 01:23 AM
I have been following the boondoggle which is the City of Roswell government since January, despite living here for 8+ years. Like many of you, I foolishly thought that a small town goverment would reflect small town values of fiscally responsibility and social generosity. Even for a huge cynic, the painful reality of the enormous fiscal mismanagment of this City was a surprise to even me. Roswell has not balanced its budget since 2008, and continues to blow through reserves (extra taxes charge to you in previous years) at a record pace. Our City Council and our megalomaniacal Mayor have voted again and again to spend our money like drunken sailors. In the last month alone, the City Council has advocated for or unilaterally voted to increase our City debt by over $30M. Just this past Monday the City Council voted unanimously, without a single word of discussion to build a new water plant for $16M, with a yearly interest note of $900K, and paying for it with $72K per year in new fees to existing Roswell water customers, who are already paying between 16% and 75% more for water than the 84% of Roswellians who get their water from Fulton County. When will this madness end? November of next year for sure.

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