An audit of City of Ypsilanti finances shows an extra 1.3 million dollars on the books.
David Helisek of Plante and Moran, the firm that audited the city, said every department in the city contributed to the savings. "You're living within your budget," he told the council last week.
Now the YCD knows the money isn't some magic amount that's going to bail the city out of long term issues we all face but it does make one wonder about the 'wolf is at the door' stories peddled by CERTAIN groups before the city income tax vote. They didn't know of the extra 1.3 million on the books at the time but still, scare tactics for scare tactics sake SURE LOOK BAD when news like this makes itself apparent even after the fact. Makes you wonder how believeable these same folks will be in the future when lending their names to other issues. YCD thinks not too credible.
So, there is an extra $1.3 million in the bank, it won't last too long as other things need to get paid off but it's still good to have.
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5 comments:
And it ain't even been six full weeks since the vote, for Pete's sake.
The good news is that next time someone wants to float up an income tax, we can use this as predictor of an imminent surplus, no?
Oh you bet Trusty Getto. It's about credibilty going forward. This audit SHOULD have been done BEFORE the election, as in REPORTED OUT before the vote
BTW Getto, liked your muddy football pictures. I hope your team won
Thanks. Unfortunately, it is my duty to report that my team lost, and big.
I'd like a pony.
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