Mayor Ann Johnston told the city council which endorsed the move it was “the most difficult and heart-wrenching decision” they had ever faced.
As has become the Norm these days Stockton Officals attempt to pass the blame upon the ‘Global market collapse’ rather than their own gross overspending, Yet a quick search of the Net reveals the same old story of Grand scheming…Heavy handed Government.
They got into debt building and running Parking buildings… which as usual was *a fail*… just like it was for the Hamilton City Council.
The City of 300 000 carries a debt of $700 Million.
Which, by comparison ought to show Hamiltonians just how grievious is their own situation being a Population of 152641 and city debts of $400 million
When the population of Stockton and US exchange rate is factored, This ruffly equates to an equivelent debt of $450 million to Hamiltons $400 Million.
We will be there by the next Local Body elections!
Thus We can safely say Stockton was brought to it’s knees by the same Pig headed Political Folly as has plagued Western democracy in General… including Hamilton New Zealand.
If only Hamiltonians had listened to me!If only The Waikato Times had been able to grasp the reality of what I was saying, and given me equal time with the other candidates in their paper to present my arguements to the Ratepayers of Hamilton!
We would not be facing such a finacial catastrophy as we do now!