We hope that today’s “IS IT TRUE†will provoke honest and open dialogue concerning issues that we, as responsible citizens of this community, need to address rationally and responsibly.
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IS IT TRUE that we have been told by several people in the know that the “TERRY FOR MAYOR” transition team has been selected and moving forward in an extremely cautious manner?
IS IT TRUE that we are glad to hear that the transition is moving forward cautiously because it is a well-known fact that Evansville has serious financial challenges and should that be addressed cautiously?
IS IT TRUE we’re hearing that there may be a little pushback concerning a FORENSIC AUDIT?
IS IT TRHE that we are told by several well-regarded business people that the rumor Evansville has over a Billion dollars in bonds indebtedness may be sport on? … that they are also concerned about how many hundreds of millions of dollars will it cost to finish the massive water and sewer project throughout Evansville and build the new multi-million dollar Sewer Treatment Plant and how we are going to get the money to pay for it?
IS IT TRUE that the City is also facing many millions of dollars worth of financial obligations regarding sidewalks and street repairs, upgrading of our city parks, City Department equipment upgrades, and finding an affordable employee Healthcare plan to name a few additional financial challenges for the incoming Mayor to address?
IS IT TRUE that local governments face structural challenges in their finances because their spending obligations often far outstrip their revenues?
IS IT TRUE that local governments are faced with a serious financial crisis due to the accumulation of long-term debts?
IS IT TRUE that as the COVID-19 pandemic continues, local governments across the country face the formidable task of committing resources to rising healthcare needs while maintaining services their communities expect, including schools, parks, and libraries?
IS IT TRUE that the only ways that local government can pay for its mounting debt is to make severe budget cuts, raise property taxes, or borrow money from local banks?
IS IT TRUE that when local governments struggle, states also pay a price because of lost jobs, reduced tax collections, and diminished services?
IS IT TRUE that during the last City Council meeting (the week after the city election) every current Council member went on public record to oppose the proposed Center Point Energy rate increase?  …that during the recent City election, not one current member of the Evansville Council publicly opposed the proposed Center Point Energy rate increase? …that this type of political posturing is what is commonly known as  “Political Vacillation”?
IS IT TRUE that members of our current City Council recently approved a 9 million dollar loan to update the Ford Center by using the naming rights of city streets as collateral to purchase “Lease/Rental Revenue Bonds” from a local bank? Â …we wonder how many city streets have been sold and how much money has the City collected from the sale of the naming rights of our city streets? Â … many people feel that the above method to get the money to finance a 9 million dollar loan to make renovations at the Ford Center using the naming of streets as collateral is not only questionable but downright embarrassing?
IS IT TRUE that it is incumbent upon us to remind our City and County officials that
Revenue Bonds are rated based on the revenue they generate to make principal and interest payments and based on any assets pledged to secure the bonds? …that Corporations are judged on their ability to generate earnings, while a state or local municipality may also issue a
general obligation bond, which is backed by the taxing power of the municipality.
IS IT TRUE that it is seldom that the federal government does something that accomplishes exactly what it was meant to at the price that was advertised?…it is also true that most government programs exist perpetually even after they have accomplished what was intended?…there are even laws on the books that should have been canceled or rescinded years ago for obsolescence?…one local community in their zeal to be like the federal government still has a law on the books forbidding the riding of a stud bull in front of a church on Sunday morning?
IS IT TRUE that our “Readers Poll†is non-scientific but trendy?  …our current “Readers Poll†question is:  HOW DO YOU FEEL THAT MAYOR ELECT STEPHANIE TERRY IS GOING TO DO?
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