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The fake "mayor" yet again proves that he can not read. Here is the link to the adopted FY18 budget for Warwick: https://www.warwickri.gov/sites/warwickri/files/pages/adopted_fy18_general_fund_budget.pdf
On page 11 of the PDF, the total expenditures [that is, spending] for the current fiscal year is $305,271,737, a $6,543,618 increase -- here, let me emphasize that: INCREASE -- from the adopted FY17 budget. Revenues from property taxes for FY18 are $230,264,242, an increase -- and again, let me emphasize: an INCREASE -- over the FY17 adopted budget of $3,657,290. The same page shows that FY17 revenues are projected to be about $228 million, which still results in about a $1.7 million INCREASE in FY18 revenues.
Only in the fake "mayor's" imaginary world could one call the amounts of taxes and expenditures going up to be "cuts."
He also clearly does not understand that bond ratings are based on several years' financial performance, not a single budget or a single fiscal year. S&P clearly sees the city's budget to be responsible and sustainable, two things that can not be said for the fake "mayor" and his false statements.
As he has proven over and over on this site, it is only a matter of time before he humiliates himself again in his comments.
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