Great Question: Where does the money to cover the reduction in taxes come from?
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Hear Jennifer Savage say they balanced the budget using sewer funds, what surplus? @ 00:05
But should have followed up with: How much was used to balance that budget?
Ask yourself this question: IF I HAD A $3.8 MILLION DOLLAR SURPLUS, WHY WOULD I NEED TO BALANCE THE BUDGET?
You heard Mrs. Savage say that the Budget was balanced by moving the INTEREST EARNED on the sewer proceeds along with back sewer bill payments. If you look at the budget the interest amount is $600,000 and the back sewer bill payments are $1,200,000. I do not believe that our back sewer bills are this amount. The $1.200,000 has already been moved into the general fund according to information already provided.
According to Mrs. Savage and Mr. Speece this will be re-approved each year creating a $1,800,000 budget deficit. ( the additional $600,000 is we are told to come from interest on the sewer proceeds)
HERE IS MY QUESTION:
IF THE 2020 BUDGET HAS A $3.8 MILLION SURPLUS WHY WOULD WE NEED TO BALANCE THE BUDGET WITH INTEREST EARNED ON THE SEWER PROCEEDS AND RECEIPTS FROM BACK PAYMENTS FORM CUSTOMERS?