Neither Bodes nor Mayor Judy Reed returned calls for comment. City Controller Jean Wrote said she is disturbed about the city's coin of the realm circulate and its talent to nurture solvency. She said the metropolis has about $398,250 in a Pennsylvania Local Government Investment Trust account, down from $467,379 in October. The urban area has about $43,000 in its blanket pool checking relation and $4,000 in its payroll account.
Those amounts may have changed as the bishopric paid bills and received put a strain on money. Wrote worries that the borough will shortage the funds to strike the current tax anticipation loan. "They're usual on paper money. We poverty the cash on hand," she said. She also talked about next year.
"Where are you getting proceeds to progression the municipality until Dec. 31, 2009? We're not getting more natural estate taxes. I fancy there aren't layoffs.
When we don't have a control account, how will we punish these loans back? They're hurting now. They're active to be worse next year than they are now," she said. Wrote said the Central Tax Bureau is sending some assess revenue, "but that comes in increments.
" Treasurer Judy Keller said Centax estimated the megalopolis would ascertain $150,000 to $170,000 between Nov. 11 and Dec. 31. She placed $10,000 from Centax in the mixed reserve on Friday and received $9,000 in trait taxes in the by two days.
Keller said the see received $116,874 in take from all sources in December 2007. Some could not be Euphemistic pre-owned for the overall fund; $3,500 in runny fuels taxes could only be utilized for the terrace bureau and $100 for the diversion subdivision could only be used for that department. Keller said the city's payroll is $52,000 to $54,000 every two weeks. The spinach received ultimate December "would not quite protection payroll and $3,900 for one month's vigour hydrant rental.
" Keller said yield for the holder of this year is hard to predict. "They already had to sinking into PLGIT to spread over the expenses. My concern, not only as an elected official, but as a citizen, is where will they be next year? Twelve months from now, they'll be in worse fettle than they are now." Keller said this December's revenue remains unfalteringly to predict.
"Maybe for this month, we'll get $125,000 or $130,000. It's immutable to tell, with public getting laid off and businesses closing. Tri-Star and Gordon's Euro Auto Haus are gone, that's just to luminary two. It has to have an impression on point freedom tax.
Pepper's Pizza and Vocelli Pizza are also gone. The curtness is in a slip instantly now and it has to have an impact." Keller believes conurbation congregation should have charmed action erstwhile to Bodes' memo.
"My native (Controller Wrote), more than I, has tried to advice them for a couple of months now. I regard they've not enchanted precautions prior to Dec. 2 or 3, saying we lack to inspect our nickels and dimes and cut back on nonessential expenditures, walk the thermostats back, circuit the lights off when we leave a room. Every meagre bit can help." Like Wrote, Keller wonders where both the $450,000 honcho for the stylish duty anticipation loan and the more than $17,000 cut will originate, not to mention funds to treat in kind back any future borrowing.
"The bottom pen-mark is, when you deplete your reserves in classify to balance the budget or eliminate your obligation or your over-expenditures, every year you're succeeding deeper and deeper. In 1998 to 2006, the diocese did not have to take out tribute anticipation loans. In 2007 and 2008, it did. They've got to diminish their spending. I judge peevish for this community," Keller said.
Judy Kroeger can be reached at or 724-626-3538.
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