DiNapoli confirms Roefaro as destroyi...

DiNapoli confirms Roefaro as destroying Utica

Posted in the Utica Forum

worse mayor ever

Syracuse, NY

#1 Jan 30, 2013
In 2005-06, the Water Trust had a reported balance of nearly $9 million; however, the City has been spending down this balance since then. During the last three completed years and the current fiscal year to date, the City has made annual transfers to the general fund totaling over $6.7 million. The Water Trust is projected to have a balance of $1.3 million as of March 31, 2012. The proposed budget includes a $661,452 transfer from the Water Trust, further depleting these funds.
With these gap-filling sources unavailable in the future, the City may experience critical cash-flow problems over the next few years. Municipalities that experience such cash-flow issues often
resort to issuance of short-term debt. Given the City’s weakened credit rating, these issuances
will become increasingly expensive.
Bond Ratings and Debt
Moody’s Investors Service downgraded the City’s long-term rating to Baa1 from A3 in May 2012, with a negative outlook after a previous downgrade in February 2012. Moody’s cited structural imbalance, ongoing draws on fund balance, weakened liquidity, weak socioeconomic indices and the challenges the City continues to face to restore balanced operations and replenish reserve levels. Moody’s also noted deterioration of Utica’s fiscal condition since 2009 due to the appropriation of reserves and inaccurate budgeting of revenues, and estimates the structural balance gap from 2009 to 2011 at more than $10 million. Fitch Ratings, which also downgraded Utica, expressed concern about the necessity of short-term borrowing as the recent lack of reserve funds has created periodic cash-flow issues.
The City had long-term outstanding debt of $59.7 million at the end of 2011, and had exhausted 55.4 percent of its Constitutional Debt Limit by 2011. This is significantly higher than the median for all cities of 22 percent. Although its outstanding debt of $959 per capita is below the $1,300 median for all cities, its debt burden is actually quite high in relation to the full value of real property in the City (4.0 percent, as compared to the median of 2.8 percent). Utica’s debt service costs in 2012 were 8.4 percent of revenues, the same as the median for the State.
worse mayor ever

Syracuse, NY

#2 Jan 30, 2013
State Comptroller Thomas DiNapoli revealed the profile during a news conference Tuesday with Mayor Robert Palmieri at the State Office Building.

The nine-page report portrays a bleak picture of the city’s financial condition.

Among the findings, Utica:

* Has a smaller-than-average tax base.

* Is more dependent on outside aid.

* Spends more on public safety and employee benefits than other cities.

* Is close to using all of its available fund balances.

* The population is poorer and older than the rest of the state.
Old Timer

Carthage, NY

#3 Jan 30, 2013
What is going to happen when the Seniors who are the main taxpapers start passing away and there are no buyers for the houses they leave behind?

Most of our children are leaving Utica in pursuit of employment and better jobs.

Our City is held down financially as well as morally by all the criminals living among us, and the large number of uneducated parasites that depend upon the rest of us to support them.

What Utica needs to turn this City back into what it was prior to 1960 is almost impossible as Corporations with higher priced jobs need to come back to Utica - but there is no incentive for this to happen. Utica no longer has a high educational base to fulfill these prospective jobs!

STOP being the dumping ground for sex perverts and paroles, and NYC trash. Another impossibility as the State controls this - NOT Utica.

START electing business people to the Mayor's Office and on the Common Council and STOP electing the same old political dumbies, thieves, and robots that do what they are told to do. This is the only way Utica and be lead back to what it once was.

What does it take to RAISE the residentcy requirement for applying for Welfare benefits? It should be increase from the present 60 day requirement to at least 6 months. This would eliminate those that come up here from NYC or other States because Welfare is so easy to get here and the cost of living is much cheaper.
Robert

AOL

#4 Jan 30, 2013
Julian started and Roefaro continued using all the water board proceeds.Two of the citys worst mayors.
Roefaro worse mayor ever

Syracuse, NY

#5 Jan 30, 2013
Roefaro did more damage to utica than any one mayor in the history of Utica and then just walks away and quits as if he was the best mayor since sliced bread because he ruined our bond rating and credit, emptied every account, all reserves, biggest debt ever, highest paid public safety in the state, gave a the worse fiscal outlook in it's history, made it harder and more expensive to borrow money, had a negative job growth, negative revenues, most lucrative contracts in history for UPD&UFD, spent the most money or should I say wated the most money in history, caught in an affair, lied and cheated all taxpayers and more. Thank Dave Roefaro the next time you see him for absolutely nothing and spit in his face.
Roefaro worse mayor ever

Syracuse, NY

#6 Jan 30, 2013
Robert wrote:
Julian started and Roefaro continued using all the water board proceeds.Two of the citys worst mayors.
Check the facts above. When Julian was Mayor our bond ratings went up and the city actually was heading in the right direction. Public safety wages, benefits and perks were under control and there was less brass at the UFD. Check figures about because the downturn and looting, robbing and raping of taxpayers and it's downgrading started just 1 year into Roefaro's rein. A recall was immediately started but unsucessful due to a rubber stamp coucil who was more interested in the robbing and looting taxpayers and giving away the city to their family and friends than the interests of taxpayers. It will go down as the worse times in Uticas History with King Roefaro as ring leaders and three seperate three rings circuses with 9 council members, also the worse in history who allowed all of it without a word.
ghost town

Utica, NY

#7 Jan 30, 2013
Old Timer - once the elder taxpayers die off it will become a modern-day ghost town like the ones out in the Old West. Sadly this is happening to MANY small cities in the Rust Belt of northern America. Somewhere along the line, America itself f*cked up bigtime. Industry and manufacturing which was he bread and butter of Utica is not only gone from upstate NY, it's gone from the USA. It's in China. Something's gotta give.
Russel Babbling Brooks

United States

#8 Jan 30, 2013
Old Timer wrote:
What is going to happen when the Seniors who are the main taxpapers start passing away and there are no buyers for the houses they leave behind?
Most of our children are leaving Utica in pursuit of employment and better jobs.
Our City is held down financially as well as morally by all the criminals living among us, and the large number of uneducated parasites that depend upon the rest of us to support them.
What Utica needs to turn this City back into what it was prior to 1960 is almost impossible as Corporations with higher priced jobs need to come back to Utica - but there is no incentive for this to happen. Utica no longer has a high educational base to fulfill these prospective jobs!
STOP being the dumping ground for sex perverts and paroles, and NYC trash. Another impossibility as the State controls this - NOT Utica.
START electing business people to the Mayor's Office and on the Common Council and STOP electing the same old political dumbies, thieves, and robots that do what they are told to do. This is the only way Utica and be lead back to what it once was.
What does it take to RAISE the residentcy requirement for applying for Welfare benefits? It should be increase from the present 60 day requirement to at least 6 months. This would eliminate those that come up here from NYC or other States because Welfare is so easy to get here and the cost of living is much cheaper.
This is what your Cult of Public Safety hath wrought it's all in the report's facts. The "criminals" are the leader of oootica past and present and the incompetent scum running the FD and the PD. No two ways about it now. The "coons" didn't spend you water trust idiot. The upside down pyramid topheavy brassen pubic safety is doing it to you.

And you're still whining without a clue. Enjoy it you put yourself there. keep digging that hole!

GET IT IN YOUR FAT OOOTICAN HEADS once and for all. ONCE AND FOR ALL! THEY broke you. "Sammy the Crackoon" you live in fear of doesn't show up at your door 4x a year and steal 3 k from you now does he nitwit?

You really aught to get the fuckout of that plugged sewer once in awhile and see how a clean modern city operate\s.
Solution

Utica, NY

#9 Jan 30, 2013
Simple solution. Stop voting for the same old rotation of Italian morons and their leech friends. They can't ruin the city if they don't hold the keys to City Hall! Hello!
Lester

AOL

#10 Jan 30, 2013
Remember it was Julian who raised taxes every year he was mayor.He started the use of water board money to balance his budget.It was Julian that brought us the Gro West investigation.It was Julian who gave us Pyleman.It was Julian who gave the unions large increases.
sad but true

Syracuse, NY

#11 Jan 31, 2013
Lester wrote:
Remember it was Julian who raised taxes every year he was mayor.He started the use of water board money to balance his budget.It was Julian that brought us the Gro West investigation.It was Julian who gave us Pyleman.It was Julian who gave the unions large increases.
Yep, and after all that Roefaro still wins the worse mayor ever in the history of Utica. Roefaro crippled Utica for life. Julian was a saint compared to the undertaker. Our bond rating soared with Julian was downgraded three times unser Roefaro. Julian left 10 million dollar in reserve funds, Roefaro spent 10 million dollars in reserve funds, Julian left a 0 debt, Roefaro left an 8 million dollar debt, Julian wanted to be mayor again in tough times, Roefaro quit after all the money was gone and we had nothing to show for it, Julian owned his own homw and pays taxes, roefaro lives with his mommy and never paid taxes in his life, Roefaro was also a council person and mayor during an fbi investigating gro-west, Julian was not, Julian spent hud funds appropriately and we have to pay back $700,000 in federal funds Roefaro mis-used, The list goes on and on and on my friend. Roefaro was a phony whose master plan was to bankrupt the city and put us on an unsustainable path towards a state take over. Go back to the basement of the Roefaro funeral palor a drink your coffee with that theiving lying, cheating fat bastard.
Paul

AOL

#12 Jan 31, 2013
Julian and Roefaro were bad mayors.
dumass Uticans

Syracuse, NY

#13 Jan 31, 2013
Paul wrote:
Julian and Roefaro were bad mayors.
Alright I get it simpleton! You didn't like Julian but he was a saint compared to the devil Roefaro. If they both committed a crime for stealing taxpayers money Julian crime would be petty theft compared to Roefaro who committed grand larceny, gabishe. Some people are so stupid it makes my skin crawl. We know maybe you were dating Roefaro and your butt buddies but the facts are the facts. You should have stayed in school if you can't read them above and see what happened after 2006.
Peter

AOL

#14 Jan 31, 2013
What about Gro-West that started with Julian.There are dark secrets here.
Eienstein

Syracuse, NY

#15 Jan 31, 2013
Yes peter thats when Roefaro was a councilman and Julian was mayor. He knew and was part of all the shennanigans and was the reason he had to use taxpayers money to hire Hage to cover his ass. Then Roefaro went ahead and again mis-used taxpayers name under a different name for the company Hage suggested and robbed another $700,000. Your right again Pete Roefaro was a continuation of the same corruption and made the coffin for Utica but Roefaro was the one pounding in the nails in the coffin to finish off Utica and crippling the cities finances and sticking taxpayers, then quitting. Thanks for your insight into the beginning of the end Peter.
groundhog day

Tully, NY

#17 Feb 19, 2013
Well folks in groundhogs day in Utica. Get ready for the lies instead of the truth in the DiNaploi report.State Comptroller Thomas DiNapoli revealed the profile during a news conference Tuesday with Mayor Robert Palmieri at the State Office Building.

The nine-page report portrays a bleak picture of the city’s financial condition.

Among the findings, Utica:

* Has a smaller-than-average tax base.

* Is more dependent on outside aid.

* Spends more on public safety and employee benefits than other cities.

* Is close to using all of its available fund balances.

* The population is poorer and older than the rest of the state.

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