Monday, September 26, 2011

Franklin Park Councilman doesn't care about the future

I have often heard Republicans say that liberal professors live in a fantasy world. I think right wing nuts live a fantasy world where roads never crumble, water pipes never break, and the cost of living never increases for the government. Why would you force a tax increase if something big happens to the local government by cutting the surplus/safety fund.

Franklin Park councilman proposes hefty tax cut
By Adam Brandolph
Thursday, September 22, 2011

A Franklin Park councilman on Wednesday night proposed cutting 2012
property taxes by 15 percent to drain overfunded surplus accounts and
give residents relief in the down economy.

Ash Marwah said trimming taxes from 1.283 mills to 1.1 mills next year
would save taxpayers $225,000.

Marwah said the borough has about $2.6 million in cash reserves and
unrestricted capital funds, and about $2 million in expected income and
$2.6 million in expenses for the rest of the year.

That would leave $2 million in the bank on Jan. 1. The borough's annual
budget is about $7 million.

Borough Manager Ambrose Rocca said the surplus likely won't last.

"This is the time of year when we have a large amount of cash," Rocca

No comments: