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  • Not vetted for CNN

  • Posted September 4, 2008 by
    Assignment
    Assignment
    This iReport is part of an assignment:
    McCain's big night: Your reaction

    More from Pearcy

    UNDER PALIN, WASILLA GOVERNMENT SPENDING & DEBT SKYROCKETED.

     

     

    Total Government Expenditures Increased 63 Percent Under Palin. In

    fiscal 2003—the last fiscal year Palin approved the budget—the total

    government expenditures of Wasilla, excluding capital outlays, were

    $7,046,325. In fiscal 1996—the year before Palin took control of the

    budget—the expenditures were $4,317,947. The increase was 63 percent.

    Wasilla Comprehensive Annual Financial Report 2003, Table 1

     

     

    Palin Supported Increasing Wasilla Sales Tax From 2 to 2.5 Percent

    to Build $14.7 Million Sports Center. “Wasilla residents have given the

    go ahead to building a new multiuse sports center in town and to

    raising the city sales tax to pay for it. With the final votes counted

    Friday, residents voted 306 to 286 in favor of a measure to raise the

    city sales tax from 2 percent to 2.5 percent to pay the estimated $14.7

    million cost of building the center…Mayor Sarah Palin, who supported

    the measure, said the tight vote will motivate city officials to keep a

    close eye on the budget for the center.” Anchorage Daily News, 3/9/02

     

     

    Palin Left Behind Almost $19 Million In Long-Term Debt, Compared to

    None Before She Was Mayor. In fiscal 2003—the last fiscal year Palin

    approved the budget—the bonded long-term debt was $18,635,000. In

    fiscal 1996—the year before Palin took control of the budget—there was

    no general obligation debt. [Wasilla Comprehensive Annual Financial

    Report 2003, Table 10]

     

     

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