IS IT TRUE November 21, 2012
IS IT TRUE that the City County Observer filed a “Free of Information Act” request with the City of Evansville Water & Sewer Utility requesting 2009, 2010, 2011, and 2012 check register summaries?… that, although the CCO paid for the years requested, (nearly $44 for over 400 pages), the 2011 information was missing?…that the 2011 year is the period that the Utility could not reconcile the bank accounts?… that Jenny Collins, the Chief Financial Officer of the City of Evansville Water and Sewer Utility told Evansville City Council Finance Chairman, John Friend, that the bank accounts were reconciled and balanced?…if that is the truth and we have no reason to believe that it is where are those records for 2011?… that there may be issues with this particular year?…that we request that the Finance Chairman Friend and Mr. David Garrett, CPA, CMA, accounting liaison for the City Council start their procedures in the Utility commencing starting with 2011?
IS IT TRUE the Hostess Corporation that has been making tasty treats like Twinkies, Ding-Dongs, and Ho Hos for many generations agreed to sit down with its Baker’s Union that staged a strike that became a catalyst for the decision to shut down yesterday?…at the end of the day no resolution was reached to the impasse and the liquidation is set to begin?…in a Wall Street Journal article a Hostess truck driver from Detroit was interviewed and stated that his union had agreed to an 8% wage cut and that the 8% cut that he was in favor of would reduce his paycheck by $200 per week?…that figure raised a few eyebrows as if one divides $200 by 0.08 one finds that this truck driver must have been taking home $2,500 per week?…that is equivalent to take home pay of $130,000 per year?…to take home that much money per week after taxes and union dues this truck driver had to have been earning $200,000 per year ($100 per hour) plus benefits?…that is one eye popping amount of money for a truck driver unless the work location is in Afghanistan where hazard pay justifies such a paycheck?…Detroit, where this driver worked has a cost of living that is about equivalent to Evansville’s and we bet if truck drivers were making $200,000 per year here that there would be a long line of medical doctors, lawyers, tenured college professors, and even some elected officials stand in line to apply for the job?…if one really wants to understand one of the reasons (mismanagement being another) that Hostess was not competitive then $200,000 per year truck drivers are a real symptom of a broken business model?…such compensation packages for getting Twinkies from south Detroit to east Detroit and having the basic qualifications of punctuality and a driver’s license when highly qualified professionals that add much more value to the economy are earning well under half of that amount are unsustainable with or without collective bargaining?…if this is widespread we can expect the bankruptcy courts to be backed up for many years into the future as such plans are not practical, efficient, fair, or competitive?
IS IT TRUE that the CCO is pleased to see President Obama embrace the idea from the Romney campaign about how to increase revenues by limiting deductions to some maximum amount without letting Congress delve into the details about which deductions are more worthy or less worthy than others?…this was a simple plan that made sense and could be constructed to spare most of the middle class a tax increase with simple arithmetic and one line added to IRS form Schedule A?…the CCO did the math and to determined that just under $50,000 would be the correct amount to choose for an across the board deduction limitation to have the same net effect as letting the so named Bush tax cuts expire for the so designated millionaires and billionaires?…we encourage the President to embrace practical and simple to implement ideas for tax reform and to avoid the fiscal cliff no matter where the ideas came from?…with overtime the truck driver from Detroit profiled above may even be tapped for millionaire taxation rates going forward if he can replace the job that he had with Hostess somewhere else?
IS IT TRUE at last night’s meeting of the Vanderburgh County Board of Commissioners, Joe Kiefer finally got his request to fund the County’s share to start the IT audit?…that the President of the County Commission only wanted to invest a mere $10,000 towards the audit after she committed to City Councilman, John Friend, CPA to fund $20,000?…we are pleased that Commissioner Kiefer pushed through a whooping $50,000 approval to assist the Evansville City Council in paying for this expensive but long overdue audit of this most important department of city and county government?…we want to also thank County Commissioners Abell and Melcher for finally agreeing to approve this funding request?…we also want to thank Commissioner Joe Kiefer for making a “good public policy” decision?