As Lodi councilman/mayor, Marc Schrieks added millions
in debt to pay for basic municipal expenses.
Lodi’s annual budget could not
sustain Marc Schrieks’ pay-to-play abuses, patronage jobs, $343,000 retirement
payouts, tax reductions for family and friends, etc.
Marc Schrieks may not understand that a Board of
Education is different from a mayor and council. A BOE
cannot go into debt without voter approval whereas an irresponsible and
reckless mayor and council can add millions in debt without any referendum.
What would happen if Marc Schrieks acted the same way on
the BOE as he did on the council? Lodi would see absurd annual tax increases.
Lodi cannot afford Marc Schrieks. Although he has been off the council for over
three years, Lodi taxpayers are still paying for all of his debt. Lodi is paying interest on bonds that should not
have been necessary. Millions were
borrowed for expenditures that should have been covered by ordinary municipal
budgets.
Below is a post from Marc Schrieks' last year as mayor titled at the time "United in Debt":
Below is a post from Marc Schrieks' last year as mayor titled at the time "United in Debt":
2006 net debt: $11,799,400
2014 net debt: $22,410,673
The political machine increased Lodi’s net debt by $10,611,272 or 90%
just during the last two council terms.
On average, they are growing the debt by over a million dollars each
year.
Could you imagine what Lodi’s property taxes would be
if the Lodi politicians actually budgeted for their basic expenses instead of
borrowing for everything?
