Sunday, January 15, 2023

The Lodi Mayor and Council Has Accumulated a Large Amount of New Debt in the Last Few Years. Lodi Taxes Would Have Increased Greatly if the Mayor and Council Budgeted for Their Basic, Known Expenses Instead of Borrowing for Everything.

 


Link to 2021 debt statement (doesn’t account for 2022 debt accumulation):

 

https://drive.google.com/file/d/1Ro3lFNVu3oI04TJOILMs787QwVf16jGb/view?usp=sharing

 

In 2019, Lodi’s auditor publicly stated a council meeting that a really big debt payment had recently become due and that Lodi had paid off most of its debt.