A Muscle Shoals Citizen Blasts 65 Million Project

 

I often think of the old time traveling medicinal street peddlers when politicians begin to spin their yarns on how they will spend our money.

In pondering over this latest scheme of Mike Lockhard and his great announcement, one has to wonder if he understands finance and budgets at the very least. At least his wife taught small children and should be able to add and subtract.

Can Add & Subtract

We do give Lockhard credit for running a janitorial group at Keller Hospital and are sure he kept clean floors and closets, but quite frankly, he sucks as an elected official.

Not only did he immediately go against the voters loud voice when voting down a tax increase to give the school system’s more money for their bloated budget, but he is systematically cutting the hard working employee’s pay and benefits.

One writer talked about a $2000 amount they currently have. That was kind of that person to give him credit for projecting a $2000 surplus at the end of the budget year in October. However, the real projected figure is $1,175.00.

Let’s break that down real simple. Your household income and expenses only leave you $1,175.00 A YEAR for splurging on vacations and pleasures. What kind of special idiot thinks a bank would loan them $6 million - or heaven forbid, $65 million. In Mr. Lockhard’s great reveal, he vehemently stated the $65 million dollars WOULD NOT AFFECT THE BUDGET – he must have been asleep in the finance and budget classes on those fancy trips we paid for him and his wife.

Perhaps the police can tell you about the budget cuts - over $100,000.00 in overtime this year, and there are many other cuts made by the City Clerk Mrs. Walters. She had to do something to get a whopping $1,175.00 surplus at the end of this year after all her wild spending on frivolous things and her new $65,000.00 vehicle.

Folks, You’re worried about what a $65 million dollars debt will do to your pocketbooks, value of your home, and this city - WELL GUESS WHAT - that is only the principal -

THE TOTAL DEBT (calculated at a low amount of 4%) = interest $47,768,693.31 – 30 years!!!!

FOR A TOTAL REPAYMENT OF $112,768,693.31. THAT IS MILLIONS OF DOLLARS.

Mr. Lockhard stated that Bubba Underwood has been working with him for 3 years on this scam - just like Bubba did as he helped Ian Sanford with Inspiration Landing and gave Tuscumbia taxpayer’s money to fund a study for that boondoggle. Bubba’s style of accounting results in lawsuits and his losing clients. Exactly what does Bubba have to gain, while mayor of Tuscumbia advising Lockhard - unless the whole scheme is to bankrupt Muscle Shoals but first putting kickbacks in his and his cronies pockets. (More to come on that theory.)

With a yearly surplus of $1,175.00, SOMEONE on MSC City Council needs to grow a set and SPEAK OUT FOR THE CITIZENS.

VOTE 2025. Get the cronies and clowns out of there.