Jan 28, 2012
Township Managers Wake Up Shocked!
Township managers are waking up from their nap, shocked! Whose Earned Income Tax did they think was going to be used to pay for this white elephant, the six people who work on Hamilton Street and live in Allentown? The managers have scheduled a meeting with Pat Browne in mid February. At that meeting, Browne will tell them that any left over revenue will come their way. The purpose of this post is to try and restore their dignity, and persuade them to cancel the meeting. Gentleman, there will be nothing left over for the next 30 years. Please understand that the arena will cost at least $160 million dollars. In addition to that, approved private developers, also have $100 million already approved. Pawlowski said recently, while you were napping, that his vision is for $600 million in development. The Earned Income Tax is to be first applied toward the debt service. You're financial managers, how much do you foresee being left over? Also written in the law that nobody read, is the ability to use property taxes, if necessary. This blog maintains that when would be more honest than if. Everyone, everywhere, will be paying for this, but none more than Allentown taxpayers.