The TML Legacy

The Wilkes Barre Independent Gazette is reporting that According to the city’s 2013 Series Bond debt service schedule the $5.9 million Johnson Controls, Inc., energy efficiency project, payments in the two years immediately following the King’s departure from the his throne will soar to over THREE MILLION DOLLARS

Years 2016 and 2017 payments jump from the average Quarter Million to $3.2 Million.

Not only are we paying well over $10.9 Million for a $5.9 Million Dollar upgrade, (all due to the fact that our gas thieving King, has NEVER, not once presented a Capital Improvement Plan as called for in the city carter. Has he done that we would have funding for Capital Improvement Projects, and wouldn’t need to always barrow to do what needs to be done.)

Now on top of an increased debt the next Mayor will have to find an Additional 2.5 Million Dollars each year just to make ends meet.

Wake Up Wilkes Barre

Source:

• Wilkes-Barre taxpayers in for hefty surprise
• Capital Improvement Plan