FISCAL CONSERVATIVE
Sarah Palin???s portrait as a fiscal conservative when she ran the city of Wasilla, Alaska, as its mayor from 1996 to 2002. However, the truth is during her 6 years as mayor, she increased general government expenditures by over 33 percent.
According to figures provided by the city of Wasilla, the operating budget for Wasilla went from $6,050,160 in fiscal year 1996 to $9,393,768 in 2002. That???s a 55 percent increase.
A huge increases in tax revenues during her administration weren???t enough to fund everything on her wish list though; borrowed money was needed, too. She inherited a city with zero debt, but left it with indebtedness of over $22 million. What did Mayor Palin encourage the voters to borrow money for? Was it the infrastructure that she said she supported? The sewage treatment plant that the city lacked? Or a new library?
No! $1 million for a park, $15 million-plus for construction of a multi-use sports complex...She also supported bonds for $5.5 million for road projects that could have been done in 5-7 years without any borrowing.
The fiscal year ending 1996 (when Palin took the reins), which showed the city???s long-term debt at $1.12 million, mostly for paving and sewer projects. The annual financial report for fiscal year ending June 30, 2002 ??? Palin???s last year in office ??? shows that the total long-term debt was $24.8 million. Long-term debt increased $23.7 million.
From $1.1 million to $23.7million ??? that is one large increase.
OOOHHH, THOSE REPUBLICAN ECONOMICS???GOLLY GEE
AND HOW HAVE THOSE PROJECTS WORKED OUT???.hummmm
WASILLA, Alaska ??? The biggest project that Sarah Palin undertook as mayor of this small town was an indoor sports complex, where locals played hockey, soccer, and basketball, especially during the long, dark Alaskan winters.
The only catch was that the city began building roads and installing utilities for the project before it had unchallenged title to the land. The misstep led to years of litigation and at least $1.3 million in extra costs for a small municipality with a small budget. What was to be Ms. Palin???s legacy has turned into a financial mess that continues to plague Wasilla.
???It???s too bad that the city of Wasilla didn???t do their homework and secure the land before they began construction,??? said Kathy Wells, a longtime activist here. ???She was not your ceremonial mayor; she was in charge of running the city. So it was her job to make sure things were done correctly.???
Litigation resulting from the dispute over Ms. Palin???s sports-complex project is still in the courts, with the land???s former owner seeking hundreds of thousands of additional dollars from the city.
Palin likes to say ???Good judgment can make the difference between avoiding a crisis and managing a catastrophe.???
Indeed.
A PEA IN THE POD???..PALIN









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