
IS IT TRUE yet another financial question involving a large drop in the balance of a critical account of the City of Evansville was pointed out to the City County Observer yesterday?…this time it is the “hospitalization†account that has been depleted in a single year from well over $5 Million down to a critically low level of about $400,000?…over the course of 2012 the balance of this hospitalization account fell by $5.2 Million?…that works out to an average decline of $433,000 per month?…if that is a valid indicator or the cash flow this fund expends the people who depend on this fund had reserves of only one month on hand in the City of Evansville coffers to pay for hospitalization services?…in the course of 2012 the City of Evansville let this account dwindle from having a 13 month reserve to a single month?…this deserves and explanation from the City Controller’s office?…one explanation could be just one more instance of robbing Peter to pay Paul by moving money from one account to another ad nauseum to cover up for insufficient reserves in critical accounts?
IS IT TRUE that it has been over a year since the Earthcare Energy fiasco was in full bloom in the City of Evansville?…the monthly minimum payments continue to roll in and the status of the $200,000 loan is “currentâ€?…if and we do mean if this money is ever repaid which it must be by this time next year to maintain its account status as “currentâ€, this $200,000 will be the focus of competition for all of the City of Evansville accounts that are at critically low levels?…in the same Gateway report on the City of Evansville’s finances that exposed the $5.2 Million hole in the hospitalization fund it is also easy to figure out that the City of Evansville spent over $22 Million more than it took in from revenue in 2012?…we seem to remember the 2013 budget that was approved by your City Council without the benefit of having the books reconciled increased spending by much more than the cost of living index?…this is happening in a time of declining municipal revenues?…it is mind boggling to think that the Winnecke Administration is serious about spending $10 Million on dog parks and skateboard parks and a $54 million downtown hotel with a negative operating budget?…Evansville is pulling the same stunts that bankrupt cities like Detroit were pulling 10 years ago and the long term result may well be the same no matter what the recent bond rating reiteration was?
IS IT TRUE that the City of Henderson has made public the fact that they are considering merging the Chamber of Commerce with Northwest Kentucky Forward?…Northwest Kentucky Forward has been the rough equivalent of a combination of GAGE and the SW Indiana Coalition for Economic Development since it was formed several years ago?…to merge such an entity with a Chamber of Commerce is an unusual decision to say the least?…Henderson is either a national leader in such things if this merger goes forward or are simply trying to avoid having to lay another six figure salary on the line by merging?…the acting Executive Director of Northwest Kentucky Forward was just named and he is the current CEO of the Chamber of Commerce?…he reportedly applied for the job and was willing to consider a move from the Chamber to NKF?…it will be interesting to see if this gentleman gets double pay for double duty?…we are betting not?
IS IT TRUE that Congressman Larry Buschon is pushing for a bill that will suspend President Barack Obama’s salary until there is a federal budget passed?…that President Obama has never managed the country under an approved budget and that he has been derelict in his duties to present a budget to congress for approval?…that the reality is that no budget the President may have submitted would have passed through Congress without opposition and alteration?…we like Congressman Buschon’s idea but think that idea needs to be extended to the entire Congress along with the President?…the truth is that neither the President nor the Congress are doing this vital part of their job and they all need a looming consequence to motivate a sane compromise?…the President has been quite skilled at manufacturing a crisis so let’s see if we can give him one by suspending his paycheck along with all of Congress until we have a budget that has majority support of the American people?