Tag: economic injury lie

LEDC 2020 Versus LEDC 2021

I love doing these. Catching some of the people in charge completely contradicting themselves with their own words and actions later on. After they get all indignant the first time around when I call them out publicly for being totally full of it.

Who can forget the previous hits like:

Talbert 2017 Versus Talbert 2020

Hostess House 2019 Versus Hostess House 2021

Well, now we have another one.

Remember back on August 12, 2020 when I was lambasting the LEDC for the obvious lies about “economic injury” from Covid? They were trying desperately (and fraudulently, in my opinion) to grab some federal Covid dough to prop up their piece of shit “Business” Park. A project that has been a disaster for about 15 years before Covid showed up. Here is an excerpt from my post:

All these facts didn’t stop City council from lying through their teeth like scumbag welfare queens with their “Resolution Authorizing Application” for this grant – which will be made through Langford Community Management Services. You can find the entire resolution in the City council packets HERE on Page 44.

It partially reads:

“WHEREAS the ‘Applicant’ has determined that the economic activity generated from this project will positively impact the City economy, overall, which has been adversely affected by the COVID19 disaster;

City council then UNANIMOUSLY voted to approve this resolution. You can hear it HERE at the 25 minute mark.

I REPEATEDLY called them out for this whopper of a lie.

Well, it only took them 11 months to admit it, but better late than never. From this weeks LEDC meeting packet (see page 28 under Sales Tax):

Whoopsie!

I’m sorry, I’m not really good at math. So, does the time period of “the last 18 months” encompass last August (11 months ago) when you were spinning piles of bullshit to get a federal grant?? I’m a little confused.

Luckily, LEDC has a brand-new President who is SUPER good at math. At least she was when she was mayor. Maybe she can figure it out!

LEDC “Economic Injury” Lie Blasted Further Out Of The Water With Latest Sales Tax Numbers

Ouch. I was thinking that maybe Mandy and the LEDC were holding off on their grant application hoping the sales tax numbers for June would be a disaster and MAYBE show a teeny tiny bit of “economic injury” from Covid so they could go and beg for money from the U.S. Treasury.

Not gonna happen.

Sales tax numbers for JUNE sales were reported in the Radiogram today. Texas as a state saw a modest increase over June of 2019 – about 3.6%.

But Lampasas saw a TWENTY-FOUR PERCENT BOOST. That’s 24%, folks. As in, an extra $50,000 or so just for the month.

Recall that the MAY increase was 27% – and another extra $50,000.

So, just in the last two months alone, the City has seen a roughly $100,000 INCREASE in sales tax revenue over the comparable period last year. Yet the parasitic worms at the LEDC are crying poor and want to grab cash from the U.S. Treasury. They’re like an old lady with a ham under one arm crying that she has no bread – to quote Junior Soprano.

Kinda puts a big dent in their claim that the City is facing “economic injury” and thus need the Feds to bail out their shitty ‘Business Park’ debacle on which they have been torching tax dollars for the last 17 years.

To quote the Dispatch from July 17, 2020:

Lampasas notched its largest one-month gain in almost nine years. July payments are based on sales made in May by businesses that report their tax monthly.

With a July check for $193,607, the city of Lampasas had a 27% revenue increase over the comparable period last year. Its year-to-date total now stands at $1.2 million – up 11% for 2020 thus far.

So back in July, the City was up a whopping 11% YoY (that means year-over-year for morons like Bruce Haywood). Throw in these latest numbers and it will climb further for 2020.

All of this tells me that the imbeciles in D.C and at the Federal Reserve printed WAY TOO MUCH FIAT CURRENCY (close to $7 TRILLION SO FAR) and threw it around willy-nilly. Nobody cares NOW, but when the price of everything goes through the roof the next few years, make sure you blame the shit birds in DC and the Fed….and not “evil corporations”.

So – I guess the question now is: how in the HELL is Mandy Walsh, the LEDC and City council going to convince ANYBODY that the City is suffering “economic injury” in light of these numbers?? Lie more? Lie bigger?

Stay tuned…