I would like to add some comments to support my concerns stated at the Jan. 9 city council meeting about the city of Page Comprehensive Annual Financial Report, also known as the CAFR.
Page officials have removed funds from gross revenue received and have for many years invested these funds into private investment programs. That benefits only the investing entities themselves, not the people from whom the funds were derived.
Since these funds were deceitfully extracted from the people of Page, then the funds properly and lawfully belong to the people of Page, not to the investing entities, which act as government.
Look on page 41 of the City of Page Arizona Comprehensive Annual Financial Report. The combined total cash and investments is $23.4 milllion. It is easy to determine how much wealth has been surreptitiously stolen from the people of Page. However, the excess is enormous and must be immediately returned to the people of Page, by and through the government of Arizona participating in these programs.
It is evident that with such enormous existing wealth under the control of government, no shortage should ever exist in Page for anything or any purpose.
In light of this enormous wealth, it is obvious that no taxes should have ever been charged to the people, businesses and industries of Page.
It is further obvious that the state of Arizona and other participating governments and offshoots thereof have outrageously defrauded and deceived the people in Arizona and Page.
Let the people of Page remind you: When the people donít pay their water bill, the water is shut off; when the people donít pay their electric bill, the electric is shut off; and when the people donít pay their house mortgage, the property owner is booted out in the street. Therefore, if the city manager, city council and city attorney donít pay the Page city debt, they, too, should be removed.
However, our same city officialsí errant customs, practices and policies allow them to make excuses by aiding and abetting the former councilsí actions.
There are plenty of funds in the existing city of Page investment pool to pay for the so-called looming bond crisis. Why should the people of Page pay twice by paying a city property tax and/or a sales tax hike for a debt not caused by the people? Remember, city officials have already added a debt-service fee onto our sewer and garbage bill each month for the same bond mismanagement.
Liquidate and reallocate your investment pools, pay off your debt?
Extensive detailed information on CAFRs can be found at www.CAFRl.com, if anyone would care to look.
Share on Facebook