Day: June 30, 2014

My brother Darryl tries leading my other brother Darryl down the primrose path: A Going Concern Update

Last Thursday evening the Bay St Louis City Council held a recessed meeting that was devoted almost entirely to the troubled state of the City’s finances. Audit report excerpts were read, sweeping proclamations regarding accountants being meek were declared and into nonsalient side subjects was the discussion frequently steered. And yet through it all the public still managed to learn a few things.  I thought Geoff Belcher did a great job with his recap of the meeting for the Seacoast Echo so it is there we start:

Kolf said one of the reasons the city’s mandated audit is being held up is because the auditor is concerned that the utility rates aren’t high enough to pay everything and are a “going concern.”

If the city fails to raise rates, he said, that could make the bank trustees in charge of the bond nervous and they could legally require the city to pay the funds back immediately.

Falgout countered that the auditor is concerned about far more than the city’s utility budget.

So we getting this folks, we have the City Clerk blaming the Going Concern opinion on just the Utility Fund while the Auditor’s are telling the City Council they are concerned with the entirety of the City’s dismal financial situation. Kolf used that misconception in an attempt to strong arm the City Council into adopting the Mayor’s Utility rate hike, a proposal that according to Councilman Joey Boudin the council saw for the first time just before the start of the recessed meeting.

But there is more because the finger wagging from Clerk Kolf and City Attorney Rafferty was just beginning:

City attorney Donald Rafferty told the council he felt the proper thing to do would be to announce to the bank trustees that the city likely not be able to make the first payment on the refinanced bond.

This is too rich folks it really is and one has to wonder who Mr Rafferty’s client is at this point.  You see folks it would be one thing if this was just a simple case of the pot trying to give the bums rush to the kettle but the level of dishonesty in the “advice” that was being dispensed last week to the council was simply stunning. The scare tactics worked too: Continue reading “My brother Darryl tries leading my other brother Darryl down the primrose path: A Going Concern Update”

Walter, it appears you are in some very deep doo-doo my man……..

I think this will be one of those rare federal prosecutions which snag multiple family members.

Theft investigation raises questions about St. Tammany DA’s Office ~ Sara Pagones and Gordon Russell

St. Tammany Parish Hospital dealings with Reed family call for investigation: Editorial ~ NOLA.Com Editorial Board

Something tells me the lynch mob that will accompany what is coming will be unusually interested in seeing DA Reed squirm.

INYBUAR: Never a dull moment

In the past week we’ve had a U.S. Senate runoff primary election that saw the incumbent/underdog come from behind and win based upon expanding the electorate beyond traditional GOP support bases. Then of course, of all the crazy, zany things that accompanied the election such as discussion of Thad’s boss-tenant relationship with senior staffer Kay Weber along Constitutional Clayton sneaking into Rose Cochran’s nursing home room and snapping a few photos, one Clayton’s alleged co-conspirators, GOP stalwart Mark Mayfield puts a bullet in his own head, evidently unable to deal with the pressure of being charged as Clayton’s co-conspirator.  At this point it is worth noting it is not clear what, if any law Clayton, a now notorious dipshit, broke in taking Rose Cochran’s pic.  Here is what I think is the best piece on the Mayfield suicide:

Mayfield’s death ‘puts an exclamation point’ on election ~ Sam Hall

Of course over the weekend we get a bonus DUI:

Hinds County GOP chairman Pete Perry arrested for DUI ~ Sam Hall

Pete Perry!??!  Pete Perry???! And slowly I turned,,,,,

Republican Pete Perry Examines DEMOCRATIC Primary In HANCOCK County? ~ Cottonmouth Continue reading “INYBUAR: Never a dull moment”