Taxpayers Of Dearborn Heights Your Mayor Is Investing Your Money Have No Fear.

I want to make sure I understand this right Mr. Mayor. According to you at the 9-8-2015 council meeting you said that to be a good administer of the money in the CSO fund that it should be “invested.” It shouldn’t sit in an account and do nothing that is according to what you said this was business101. So just so I understand this right. The general fund of the City of Dearborn Heights borrowed money from the CSO fund collected from the taxpayers of the City on our tax bills. Then the general fund of the City of Dearborn Heights paid back the CSO fund with interest. That money paid back to the fund with interest was again Taxpayer money.  So that would mean that the taxpayers paid for their own investment. I’m sorry I’m not a CPA, but you are saying that by the general fund borrowing the money from the CSO you Mr. Mayor (invested) that money and made a profit? So the taxpayer paid for the profit how is that an investment?

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2 thoughts on “Taxpayers Of Dearborn Heights Your Mayor Is Investing Your Money Have No Fear.”

  1. Using a search internet engine I found this electronic link, you can link your electronic devise to the following web link by double clicking the link. Sorry for the descriptive but making sure I don’t miss anybody who may not know how to use IT yet.

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  2. Kathy you have captured the circular reasoning of this situation, correctly. Keep in mind that the so called investment (actually inner fund borrowing) can only be done as a result of the systematic, clandestine, over taxing of the residents of this city for years, in direct violation of MCL 141.2701(4). So is this really “business 101”? I am sure as we look into the other funds, we are going to see similar patterns. Where there is smoke, something is burning!

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