Thursday, August 20, 2015

Star-Telegram Says Fort Worth's Accounts Are A Sloppy Mess

This morning Elsie Hotpepper pointed me towards that which you see here, an editorial in the Fort Worth Star-Telegram titled Fort Worth's bond accounts are a mess.

The first three paragraphs of the editorial...

An exhaustive and even painful cleaning process is being carried out at Fort Worth City Hall — not the scrubbing-the-floors type but the cleaning-up-the-financial-accounts type.

It’s painful because a team of employees working since Feb. 1 has discovered that the financial accounting on major debt programs, including bond projects and certificates of obligation going back almost four decades, has been just plain sloppy.

That’s not acceptable, because voters who are asked to approve a bond program must be able to count on the projects being done on time and the money properly accounted for.

Voters must be able to count on Fort Worth projects being done on time with money properly accounted for?

Since when?

The biggest  project currently underway in Fort Worth is the Trinity River Uptown Central City Panther Island Vision, known as America's Biggest Boondoggle.

The voters were not allowed to vote on this project which has become America's Biggest Boondoggle.

The Star-Telegram says we should be able to count on projects being done on time.

Has the Star-Telegram not heard of America's Biggest Boondoggle? A project with no project timeline, with no projected project completion date.

The Star-Telegram editorial generated a couple interesting comments....

Aaron Harris
Is anyone who watched these folks surprised? This is but a small window into what you should expect to be reading about the new bonds approved last November for the City of Fort Worth. Some things never change.

Jennifer Talbert Frank
So after all of the begging for more money, more bond DEBT and all the bragging and patting each other on the back about how they're doing all these great and wonderful things, it turns out that NOT ONE of these idiots can keep decent track of the spending, the projects and the actual DEBT that has us in the hole to the tune of billions. Do you really think that they're telling you the truth about being only 1.7 million in the hole with these bonds? Seriously??? And the city council wants to vote themselves a raise? Oh hell no!!

Oh, and Betsy Price, if you're so much for transparency, how could you have even thought to have asked the public for more bond debt when you don't even have a handle on the current finances?? If you're so into transparency, why in the WORLD are you so supportive of a water district board that has done nothing but keep secrets from the public about their water, water funds and pet projects - not to mention the E.Coli that was in that "clean and safe" Trinity River that you personally advocated for everyone to get in and go tubing. I don't think you'd know transparency if it bit you in the butt! You are right to be scared because you will NOT be re-elected!

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