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Friday, February 24, 2017

LORI LOOKS AT THE LOOMING TAXES AND TROUBLES AHEAD

Lori D'Amico There is no doubt the city of Lynn desperately needs new schools. However, the city hasn't been able to meet its NSS obligation for YEARS and owes the schools the city already has standing MILLIONS!! It appears as though every audit that is conducted on the city turns up errors, misuse of funds and mismanagement of funds, which typically results in more debt for the city. There are concerns and issues with how the city will pay for contracts without any layoffs. The city continues to lose significant tax revenues from businesses selling and non-profits/non-tax paying organizations buying. So can the city actually afford to take on $80 plus million or whatever the cost will be for the 2 new schools? I will let people decide and vote for themselves

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