City of Racine 2017 Audited Financial Statement Reports RDA Lost Over $7,000,000 in 2017!

City of Racine Mayor Cory Mason Continues on With Former Mayor John Dickert’s Tradition of Looting a City Of Ill Repute! That Blue Fist is the Power of Extortion – Being Shoved up Residents Azz’s Via Onerous and Excessive Confiscatory Taxes and Fees to Fund the Lifestyles of Racine’s Rich & Famous!

See the Post: https://arrestrecordsofracinewipublicofficials.wordpress.com/2018/08/19/lifestyles-of-racines-rich-famous-politically-connected/

City of Racine Taxpayers who feel the burn that the ever increasing property taxes and fees imposed by City of Racine Mayors and Alderpersons are becomingly more and more onerous and out of line with the Consumer Price Index, aren’t just imagining that burning feeling – it is real, as the 2017 Audited Financial Statement reveals.

The 2017 Audited Financial Statement is available here:     https://www.cityofracine.org/Finance/AuditedFinancialStatements/

From the 2017 Audited Financial Statement, Page 65:

It is just Business as Usual in City of Racine, as the unaccountable Racine Development Authority lost $7,304,144 in TID collections, and passed that cost on to Residential taxpayers – with NO  repayment schedule required – since the Residential taxpayers are on the hook and going to pay – through extortion – aka onerous property taxes, by any other name….

From the 2017 Audited Financial Statement:

Former Mayor John Dickerts much bally-hooed Tid 18 – Machinery Row was the loss leader – costing taxpayers nearly $7,000,000 – not counting the destruction ,clean up costs and planning time wasted by the RDA in concocting yet another failed plan for the criminally led City of Racine:

Watch as John Dickert and Cory Mason announce the *FAILED* $65M Machinery Row Project:

Mayor John Dickert speaks during a press conference Tuesday, June 10, 2014 announcing a commercial-residential project that will start at $65 million./Video by Scott Anderson scott.anderson@journaltimes.com

Well, well, the spectacularly *FAILED* Machinery Row  Project might actually COST taxpayers $65M when it is all done and settled…. instead of attracting constructive and productive development. Residential Taxpayers will *NEVER* see any tax relief in criminally led Mayor Cory Mason’s Blue Fist Collective!

Machinery Row – TID 18 – as Promised:

Machinery Row as Delivered:

Meanwhile, Former Mayor John Dickert’s bestest personal friend – Micah Waters – continues to hold onto the former Porter’s Property while refusing to pay the property taxes due and shifting that burden to the much beleagured Residential Taxpayers living in City of Racine. City Officials plan on Residents being deaf, dumb, and blind – and they are correct!

As Promised by John Dickert and BFF Micah Waters!

Micah Waters and John Dickert – BFF

 

As Delivered:

 

HEY Long – Beleaguered Taxpayers living in City of Racine – Stay in Line and Don’t ask any Pesky Questions!

OR ELSE!

After all, the Mayor of Racine has large costs and expenses…

Don’t Stop Believing’

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