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The audit is actually secondary to the 5 year projection which tells the bigger picture. The council pays $60K to YKSM to produce a 5 year fiscal projection based upon the actual historical city documents at the time (actuarial reports, budget, pension obligations, etc..) The report is complete and indicates that if the city DOES NOT fund the OPEB obligation, with a maximum tax increase each year for 5 years the city shows a 52.8 million dollar deficit. If the city funds the minimum OPEB contribution the city is in the hole 130.7 million.

On July 12th Merolla brings this data to Solomon, Ladoceur, Depasquale and is ordered to bury the report 4 days before ratification of 2 union contracts which add millions in raises and OPEB costs. These 2 contracts were negotiated by Avedisian and his staff, one of which was Depasquale. Depasquale on July 16 takes the stand and testifies that there is plenty of money for the raises, the workers deserve the raises, blah blah blah. The council ratifies the raises now we're told that there is no money.

If the council had seen the report they would not have voted to ratify and the contracts would have had to go back to Solomon to renegotiate. He would not have been able to justify the raises and the unions would have taken a stalemate position and fought against Solomon's campaign. So Solomon ordered financial information to be with held so that he could get elected and instantly have his pension go from $4000 annually to $50,000.

Thats what I call a lying scumbag piece of garbage that needs to be put in the trash.

Now, last night Merolla promises another 5 year projection and a public meeting to discuss it with the taxpayers. He lied before, he buried documents, he will lie again and he cannot be trusted. Time to boot them all out.

From: Solomon hires financial advisor

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