Scranton Government Spends 90 percent of its budget on Salaries

0
Scranton Government Spends 90 percent of its budget on Salaries

Scranton Government Spends 90 percent of its budget on Salaries

Alright, It is not 90%. It is over 90% at 91.47%. Yes, this bankrupt city is paying its self while the city is dwindling and falling to pieces. The city is hastily rushing into oblivion and instead of attempting to solve the problem the Scranton government is acerbating it.

Look at these Numbers!

Abacab Fund Sees Mispricing In Options As Black-Scholes Has Become “Inadequate”

Abacab Asset Management's flagship investment fund, the Abacab Fund, had a "very strong" 2020, returning 25.9% net, that's according to a copy of the firm's year-end letter to investors, which ValueWalk has been able to review. Commenting on the investment environment last year, the fund manager noted that, due to the accelerated adoption of many Read More


Here we have an image of the supposed 2016 budget. I say “supposed” because if you look closely there are quite a bit of questionable things wrong with this budget. The most glaring is the disparity between 2015 actuals up to Sept 2015,projected 2015 budget and the projected budget for 2016. Even if I knew nothing of the line items, how is it possible that I am to believe that on Sept 2015 the actual revenue was 69,410,670 but it will somehow jump 20 million to reach the projected 2015 revenue of 89,598,625 by years end. Furthermore, the 2015 Projections has two loans (TAN- anticipation notes and bond proceeds) that are never going to come given the city of Scranton’s less than junk status. Now, if we look at 2016 Projected budget, we see the entire budget jumping from a 2015 actual of 69,410,670 to a projected 132,210,869 2016 revenue(including more TANs and another “bond” of 30 million coming from who knows where). The people running the government of the city of Scranton are either financial wizards who should run a hedge fund asap or the more likely answer is their crooks. Why do I bring this up? I want you to keep in mind that

Using Tax Dollars To Pad Your Pockets

I will list a copy of every employee compensation statement in the bottom of this. For now, I will give you a rundown of all the compensation and what it amounts to.

Bureau of Fire
Total Compensation
$23,031,993.03
Bureau of Police
Total Compensation
$24,373,639.50
Bureau of Administration
Total Compensation
$3,965,832.70
Bureau of Human Resources
Total Compensation
$205,024.93
Bureau of Administration/public
Total Compensation
$2,623,443.57
Bureau of highways
Total Compensation
$2,509,514.99
City Council/City Clerk
Total Compensation
$205,024.93
City Controller
Total Compensation
$248,757.64
Bureau of Technology
Total Compensation
$108,507.69
Bureau of Treasury
Total Compensation
$113,220.53
Economic Development
Total Compensation
$655,928.88
License and Permits
Total Compensation
$777,317.45
Bureau of Building
Total Compensation
$125,197.96
Legal Department
Total Compensation
$158,230.61
Department of Engineering
Total Compensation
$126,194.75
Bureau of Garbage
Total Compensation
$884,500.00
Bureau of Park and Rec
Total Compensation
$552,113.01
Tax Office
Total Compensation
$681,440.51
Total $63,490,706.06

 

These are all just compensation. Yes, just compensation! If this is not shocking, I really do not know what is. It is clear that the City of Scranton is being used as a personal piggy bank for government employees while tax payers are suffering with excessive taxation and fees. This is where the tax dollars are going! If we take the total compensation and divide it by 2015’s actual, we get 91.47%! If you are reading this please share this to everyone you know. Share it with the press and please contact the Department of Justice because this cannot be legal. What is worse is that we did not even touch debt and interest expenses. The city owes a towering 400 million in long term liabilities.

 

Gary St. Fleur
www.save scranton .com
GoFundMe
@Save scranton
Facebook

 

Statements

Bureau of Fire

Bureau of Police

Bureau of Administration(Department of Business)

 

Bureau of Human Resources

Bureau Of Administration (Public Works)

Bureau of Highway

Bureau of Refuse

City Council/City Clerk

City Controller

Bureau of Technology

Bureau of Treasury

Economic Development

License and Permits

Bureau of Building

Legal department

 

Department of Engineering

Bureau of Garbage

Bureau of Parks and Recreation

Tax Office

No posts to display