Tuesday, June 2, 2015

Mayor Tom 'Now 11.1%' ChoiLankey - on Managing Tax Stability!?!

Saw this piece here in the SL on the CY 2015 Edison Muni Budget. Particularly poignant to me was this little blurb:

"Last year, officials said that four years of flat taxes under Mayor Thomas Lankey's predecessor, coupled with an economic downtown that took a bite out of property values, left the town in financial distress and prompted a big tax hike."

Hmm.. that's odd - look at this campaign flyer (from his mayoral campaign) that touted Mayor Tom 'Now 11.1%' ChoiLankey and his 'Fresh Start Tour Entourage's' efforts in keeping the tax rate flat for the last four years and taking credit for it to boot:

Also, look at the comment on their predecessors' inability to manage a $116 million budget. A budget that the current administration has taken up to $126 million.

Hmm.. let's see - sure seems Senor Lankey and his Fresh Start Tour Entourage have joined the occupants over there on Mythomania Lane in failing to recognize that Spending is an activity and not an accomplishment. He has taken the Spending up to $126 million and the Muni-tax rate up 11.1% in his short time at the helm in the 'DemBadLands.'

Yup, that's how tax stability is defined here in the 'DemBadLands' of Downtown Edison.

So, just to summarize this year's budget, the Spending is up $4,9 million or 4.0% to $126,471,452; the Local Tax Levy is up $3.1 million or 3.6% to $87,847,481 and the Muni Tax Rate is up 3.7-Cents or 3.1% to $1.244 per $100. The Spending increase of 3.6% is offset by a half of 1% due to the increase in ratables. So, if you live in that mythical average home assessed at $177,300, then you'll see a tax increase of some $66 on your property tax bill ($177,300/100 x .0373 ($1.244-1.206).

But hey - what do I know, You should listen to what the party that made Edison Safe for Hypocrisy tells You and then, more importantly, forget what they do to You as you go to the polls today to vote in an uncontested Dem party primary so they can keep doing it to You - and now from the one-and-only at-large 08820 zip code!

Anyhoo, good to see Mayor ChoiLankey and his Entourage worked hard to keep a Zero Tax Increase for four years and then worked even harder to try and blame the prior administration for doing so. DUH!

Silly me, I forgot something. Rob 'March on Trenton' Karabinchak said he wouldn't support a tax increase from Mayor ChoiLankey this year. He has a good track record on thingies like this.

I feel better now, don't You?!?

And just to show you the results of their very careful review:

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