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the truth about Utica

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Fletcher R

Utica, NY

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Judge it!
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#21
Feb 12, 2012
 
Thank God I dont live in Utica.
nice perspective

Clinton, NY

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#22
Feb 12, 2012
 

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Good post perspective. Our mens and womens clubs (UPD&UFD)have destroyed the city finances which in part have been doubled by the heartless King Roefaro and Rubber Stamp Company Administration. Utica's in dooms day times as it's almost pay back time for all the extra UPD AND UFD officers and grants will need to be paid in a few years. Utica will have no choice but to go backrupt and of couarse they will be cring soon very new police cars and fire trucks. Well, I'll tell you something, you cannot get any more blood from the rolling stone taxpayers. The city needs to go bankrupt or it will bankrupt everyone whose left here. Roefaro and rubber stamp in company should be put in jail for them brazenly robbing the coffers and taxpayers into oblivion.
utican forever

Utica, NY

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#23
Feb 12, 2012
 

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this is a great city give it a chance
Roefaro

Franklin, NC

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#24
Feb 12, 2012
 
the best thing that could happen to the city was it go bankrupt, the contol board take over, and get rid of brooks and the pensions of the police and fire department
Rob

Oneida, NY

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#25
Feb 12, 2012
 
utican forever wrote:
this is a great city give it a chance
What city are you talking about? Certainly it can't be the cesspool of Utica.
God help us

Utica, NY

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#26
Feb 13, 2012
 
Roefaro wrote:
the best thing that could happen to the city was it go bankrupt, the contol board take over, and get rid of brooks and the pensions of the police and fire department
They borrow, raise taxes and fees to give jobs to their friends and family. Bankruptcy is our best option but the kings would strip you naked before letting that happen. Does anyone know the total number of city employees?
utica strip club new

Utica, NY

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#27
Feb 13, 2012
 
roefaroarcurifvckedutica wrote:
Moody's Investors Service, Inc.
DETAILED CREDIT DISCUSSION
FINANCIAL OPERATIONS HAVE DETERIORATED
We believe the city will be challenged to restore structural balance to its budget after four consecutive
operating deficits and depletion of reserves and cash balances to very low levels. Due in part to a
willingness to appropriate reserves and inaccurate budgeting for various revenue sources, Utica's fiscal
situation has deteriorated since 2007. The city ran $4.51 million of combined deficits from fiscal 2008 to
fiscal 2011, draining the general fund balance to $2.4 million, or 3.7% of revenues, at the end of 2011.
Management expects to draw an additional $950,000 from the general fund balance in 2012, and,
Moody's notes, a larger than expected utilization of the general fund balance may result in additional
credit pressure. Management says revenues are tracking a little over budget for fiscal 2012, while expenditures are tracking according to budget.
We believe it will prove difficult to correct this fiscal imbalance immediately, as the city has had difficulties
achieving structural balance due to the city's exposure to variable revenue including state aid (28% of fiscal 2011 governmental funds revenues) and sales taxes (19% of fiscal 2011 governmental fundsr evenues).. On the expenditure side, pension contributions and debt service make up an above-average 20% of fiscal 2011 operating expenditures, and the city has several unsettled labor contracts.
We note that a new administration has taken office this year and has pledged to cut spending and shore
up the city's finances. We plan to monitor the administration's success in implementing these changes.
finaly the truth about Utica, The OD gave the a pass, Roefaro the numbers are in and you are the worst mayor ever. Cermenaro should just quite because he sure was not watching the peoples money, now just a blood succker waiting to cas in on a pension, and the Common council led by Morehouse are just as bad as roefaro for playing along with his shell game.
http://www.uticaod.com/archive/x392621657/fil...
full report
GIVE TIM TALLMAN A CALL. HE WOULD LOVE TO GET INTO THIS SCAM. NOTHING BETTER THAN HIM WHEN IT COME TO MONET SCAMS
cant be true

Utica, NY

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#28
Feb 13, 2012
 
Am I reading this right? Nearly 1/3 of city income is giving by the state?
David Roefaro

Clinton, NY

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#29
Feb 13, 2012
 
I told you I had to spend all the money because it wasn't collecting interest and it wasn't doing anything sitting in the bank. Those were my words and I had to hire more UPD&UFD personal and give my family and friends raises. You know how I loved spending your money so my kids could still go to camp, buy new cars, and pay for college. I'm don't feel sorry for the poor, those on fixed incomes or the senior citizens. To bad but I had to do what I had to do.
too late

Syracuse, NY

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#30
Feb 13, 2012
 
Utica is bankrupt, it doesnt take a genious to figure that out.
wrong

Utica, NY

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#31
Feb 13, 2012
 

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too late wrote:
Utica is bankrupt, it doesnt take a genious to figure that out.
Wrong

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