Open Mike by Mike Bedard – Fudging Budget Numbers and Kilger Math!

Open Mike by Mike Bedard – Fudging Budget Numbers and Kilger Math!

Mike Bedard

Budgeting Mess

One minute City Council is facing a $650,000 budget deficit and then the next minute we have a $127,000 surplus!
Did the City Managers and Council show fiscal restraint and did they make necessary cuts to ensure the budget was met?

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NO!

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Actually, NAV Canada won a battle that saw the city hit with an additional $700,000 cost / reduction in revenues! So what happened to produce a surplus?  The province forgave the city of $1,600,000 set to be repaid for social services.  Now do the math $700,000 + $650,000 = $1,350,000 (a huge deficit).  So were council and the budgeting committee lucky or efficient?

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The fatal flaw in all of this was the decision to appoint only part of council to the budget steering committee!  All of council use to sit on this committee, as they should, and most of the current council and mayor thought that not all were needed!  However, we have seen that newly elected members and those not sitting on the committee are unaware of the proceedings and thus causes problems due to a lack of awareness when other matters are discussed at council!

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A permanent change to include all of Council on the Budget Steering Committee would prove wise!

Logistical Crutch

After hearing the horrible news of Teleperformance’s expected closure I couldn’t help but feel like I was experiencing a horrible case of Déjà-Vu!

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What startled me was the response to the closure.  It seems some of those at City Hall can’t seem to perform basic math skills!

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A short list of recent business closures or Major Job Losses over last 4 years:

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Satisfied Brakes – 125 Job Losses
Star Tek – 398 Job Losses
Teleperformance – 120 Job Losses
Government Cuts – 50 Job Losses
Total Job Losses – 693 Job losses

A short list of recent business openings or Major Jobs Created over the last two terms of Council:

Matrix Logistics (Shoppers) – 120 Job Hirings
11 Points Distribution (Target) – 350 Job Hirings – projected
Total Job Hirings – 470 Job losses

These totals only worsen if we consider Domtar’s losses of 910 to SCM’s approximately 800 hires!

So please all of you at City Hall stop trying to say that the opening of these distribution centres will replace our job losses!!!   Officially there is no more room nor has there ever been for future job losses!

Our Welfare or Ontario Works recipients  and ODSP recipients continue to rise drastically as you turn a blind eye to obvious economic issues which you need to be addressed and not dismissed publicly in an effort to ensure the public that you are aware of our current economic climate and working towards bettering the situation.

False Recognition or Phony Representation

Jamie (Admin) beat me to the punch but did anyone else catch this epic and new trend that Economic Development has been using.
So here is the deal, Cornwall Pays for ads to promote several building initiatives in an effort to attract new investors!!!!   Nothing wrong with this and it is a good idea!!!   The bad idea and total WTF was when the same people made a media release stating that Cornwall was being recognized for its construction!  It sounded like we won an award or are being applauded for the great work……….but wait a minute it was a paid $5,000 dollar advertisement more commonly known as an advertorial!

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What’s next?  Create your own award and then present it to yourself?  Silly Rabbit Tricks are for Kids!

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11 Comments on "Open Mike by Mike Bedard – Fudging Budget Numbers and Kilger Math!"

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mariah
Guest

Excellent story Mike & account of the strange thinking of city mayor & councilors who obviously think that they can pull the wool over our eyes,spend our hard earned tax money which is higher than larger cities near here.They lie about figures,lie about population growth & hope that we are sheep without calculators.The investors that are staying away in droves knows Cornwall too well,maybe they will show some interest when new people,new ideas,new morals as well enter the equation

Ferris
Guest

good read..congrats on your new career in optics ,Mike..good luck to you..I’m sure you’ll succeed.

hailey Brown
Member
Mike This is great information. In your math did you include any new self employment and small businesses that may have started? I was looking into the new Target center. I am hoping for the possibility of finding gainful employment in the immediate area rather then always in Toronto and area. I have even considered a career change. In my research I found a Logistics research company named MWPVL. In it they state that Cornwall could become the next epicenter for logistic centers. That is not a bad thing considering all the trucks seen on 401. However the reason they… Read more »
hailey Brown
Member

Sorry I should have included the link, hope it’s ok to add this kind of information Admmin

http://www.mwpvl.com/html/cornwall_ontario_distribution_epicenter.html

amicus
Member
Industrial incubator Do accelerators produce better start-up companies? And what are they anyhow? My first real engagement with such initiatives was more than 15 years ago, when I became a partner in a business in the City of Krakow called Pol-Can-Med. Our company could have been labeled an incubator, which is apparently different from an accelerator. According to The Startup Factories, a report published by Nesta last year, accelerators make a pre-seed investment for equity, and develop cohorts of start-ups rather than individual companies, which move on after a short period of intensive support. The declining expense of technology –… Read more »
hailey Brown
Member
Ludwig Very interesting, I think your writing accurately depicts exactly what is wrong with so many industries in Canada. We actually produce little or nothing. It seems we are so burdened or pushed into change that change has become our industry. Change, though necessary, is more of a monetary burden then making a poor product. It produces nothing of any value and keeps people focused only on change or self improvement with no real chance bettering their status. This is a great way to mislead a people. Education is the same, we currently only teach people how to fit into… Read more »
Harry Valentine
Guest

Great Article Mike

This is not the first time that government accounting has turned a deficit into a surplus. In the USA, any private person or business that uses government accounting methods to prepare financial statements, could be charged with fraud.

Believe Me
Guest

City Smarts ? OR CITY Stupidity ?

Nav Canada won a battle with the City $700 thousand .

then the City just give up failing to fight that judgement

to the next step one big error in judgement I would say but what the heck it’s only taxpayers money & they seem to have little
respect for that .

Whats really amazing is the spin that they put on it .

jules
Guest
Harry Valentine you are so very right indeed. If people believe in what the government tells them to be true then they need their heads examined thoroughly. The government just gives you lies one lie after the other. I remember when old Eustace Mullins said on youtube.com that you can sell the Brooklyn Bridge 25 times a day to the American people and they would buy it and the same thing with Canadians. People should not believe in the government and when the government gives you a figure it is at least two to three times worse than what they… Read more »
amicus
Member
Globalization The World Economic Forum’s annual gathering is normally little more than a toast to the benefits of increasing global GDP, trade, and investment. But this year’s meeting comes at a time when economic expansion can no longer be taken for granted, and when the uneven benefits of past growth are sparking mass social unrest. So it is little wonder that doomsday scenarios about the “seeds of dystopia” and the risks of “rolling back the globalization process” are being dangled in Davos. The world’s economic and political leaders stand warned: do globalization better, or it will be derailed by the… Read more »
jules
Guest
Globalization only benefits the 1% of this world and the rest of the world is going to be made dependent on the government for handouts. I wonder if anybody has taken a good look at what Detroit and Flint Michigan became – that city used to hold at least 2 million people and now down to 700K. Detroit looks like a war zone and the people have become more criminal than ever before. Take a good look at Cornwall that lost industries since 1960 but we cannot compare Cornwall to Detroit. Detroit was “motown” motor city and it was prosperous… Read more »
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