Posted on 04/04/2020 2:56:56 PM PDT by Behind Liberal Lines
Early projections show the City of Ithaca is due to have a budget shortfall of anywhere between $9 and $20 million dollars resulting from the COVID-19 shutdown.
Mayor Myrick made the statement during a Thursday meeting of Ithaca’s Urban Renewal Agency. With the city’s total budget at $73 million dollars, highest estimates could mean a shortfall of nearly 28%. Myrick calls the numbers staggering and unprecedented.
He says the only way the city can survive is with federal assistance. Calculations from the City Controllers office account for a lack of sales revenue, and parking fees among other items.
No worries, someone should tell Ithaca that they can always just raise property taxes, gas taxes, rich white people taxes, tax taxes, tax tax taxes... because, as a famous liberal leader once stated, “the era of big government is over”...
I take it you don't like pissing into the wind. Or peeing on your feet.
As goes Ithaca, so goes Yaphank.
Maybe they should raise tax rates.
Isn’t that what they usually do when taxpayers are out of work?
Isn’t that the compassionate thing to do? Rats are the paragons of compassion, right?
Of course.
We are restricted to essentials only.
City and state government should have the same rules.
Fire department. law enforcement, water. sewer and if applicable, electric power.
Street maintenance only when the street or bridge is a safety hazard.
In the Great Depression, they actually plowed up asphalt roads and returned them to dirt roads.
But they will not. They will foreclose on your house in a blink before they will take a cut.
Tell them to cut all of their global warming programs. That should include subsidies paid for solar power and “energy efficiency” improvements.
After that, they can get rid of programs that promote “diversity.”
Aren’t we going to see shortfalls for ALL governmental entities, due to the economic downturn? All cities, towns, townships, school districts, county governments, state governments, in some states special taxing districts, in some states, toll road authorities......The list is endless.
Due to the economic slowdown, tax revenue which all of these various entities counted on will simply not be there.
And with most governmental entities outside of the federal government, required to balance their budgets, financial hardship will happen. And hard choices, as Hillary might say, will have to be made.
Cornell is sitting on a $7 billion endowment. Maybe he can ask for help from there.
“”He says the only way the city can survive is with federal assistance””
That’s WHY Uncle Sam is known as Uncle SUGAR....Just like one of the good articles that was posted here earlier this week said, no one ever gives any thought to the way the money is spent - just la de da....and then when reality hits and they see it’s all gone! MA!!or better yet DADDY, come help me!
I love a story with a happy ending...
Yeah, no cuts, just federal assistance, thanks.
Tell them to force the dickhead governor to allow fracking.
They can ask Cornell University for a loan.
Ithaca won’t be alone. There will be a tsunami of municipalities, cities, counties and states requesting bailouts. Today for operating funds, tomorrow for pension bailouts. It will end in a wave of bankruptcies.
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