Kingsport’s mayor needs to come clean about future spending
Kingsport, Tennessee Mayor Dennis Phillips who is running for re-election needs to come clean and tell the citizens what the plans are for future spending.
A recent review by Standard & Poor’s, a credit rating firm made the following statement below.
The five-year capital improvement program through fiscal 2013 includes planned issuance of additional GO debt of $5 million-$8 million annually, to help fund total general fund projects of $50.8 million.
The City of Kingsport provided Standard and Poor’s information such as financial data so Standard and Poor’s could give Kingsport a credit rating.
Mayor Phillips, what is the above $50.8 million going to be used for? There should be no secrets, and no surprises about future spending.
If you see the mayor, ask him about this $50.8 million and any other spending he has in mind. What about the $70 million figure that has used for King College Medical School if they decide to locate in Kingsport? The voters need this information!
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