Show us the Numbers (15)
Not for the faint of heart. Here we will dive deep into the numbers and information that has been released.
If you would like to get the facts about what the city is proposing and what the city of Lakeland and its tax payers is facing, please click READ MORE below.
You will be SHOCKED.
If you or me were to apply for a loan the most important number to a bank would be our debt to income ratio.
Want to see what Lakeland's debt to income ratio looks like compared to other cities?
Make sure you are sitting down.
CLICK READ MORE BELOW
We have recently discovered a huge conflict of interest with the financial firm (PFM) whjo was advising the city.
We already know PFM didn't do their own math. We just discovered we also paid them to not do it. Click Read More below.
At the budget meeting the Mayor asks about funding the new fire department, only to discover we have NEGATIVE WIGGLE ROOM in the budget and must spend the city's reserves (savings)
CLICK READ MORE BELOW
The city cannot afford to expand the sewer system without taking on additional debt.
Their words - not ours.
This is why they raised your sewer fees. - But hey they didn't raise taxes right?
But we can absolutely afford to borrow an additional $22,000,000 to $30,000,000
Don't question this logic if you do you are a CCL activist.
CLICK READ MORE BELOW FOR THE FULL STORY
The team of Wyatt Bunker / Josh Roman and Matt Wright told the residents of Lakeland stories of how much Lakeland would grow if we would build the school. It is 4 years later what does the data show?
CLICK READ MORE BELOW TO FIND OUT
General Obligation Debt, the kind of debt used to pay for large projects like school road projects, is guaranteed ONLY by the government's ability to raise your taxes. Under TN law, we are not allowed to have any vote on raising our property taxes! So any General Obligation Debt the City takes on is married to our Property Taxes, for Better or for Worse. The simple way to think about it is:
General Obligation Debt = Property Taxes
Lakeland is the only city in Shelby County that has NO LIMITS on General Obligation Debt. With NO LIMITS on the amount of debt the BOC can issue and this debt tied directly to our Property Taxes, Lakeland taxpayers have no safety net. If we implement reasonable limits on the amount of debt the BOC can issue, we can protect ourselves from endless debt-driven tax increases. Please read and use our link to email the BOC demanding sensible Debt Limits here in Lakeland!
Now that the city of Lakeland has ended their fiscal year, we decided to do a comparison to see how accurate the actual numbers were with what PFM predicted. This may (or may not) surprise you.
Click Read More below to see the full article.
We have been assured that we can afford the bond, but we've shown this is not true. We have also been told we can have all the amenities at Lakeland Prep that we currently enjoy with Arlington schools. Nobody has shown how much it will cost to have it all, so we decided to see how much it costs the schools they use as examples for what we will be.
Did you know that Lakeland is the ONLY local city that has no limit on debt? Read here to see how the other communities limit their debt to protect the citizens from financial disaster and how our Board of Commissioners is violating all the rules. Click Read More below for more details.
The Board of Commissioners contracted PFM to advise them on the proposed $50,000,000 school bond. PFM has a PowerPoint presentation on the Lakeland School website showing we can easily afford this massive debt. Click Read More... to find out how many of their assumptions just don't match the real world.