Fayette County is providing
multi-millon dollar corporate welfare to a huge company whose ostentatiously wealthy founder is a former Fayette commissioner (and has been a
major funder of at least one current commissioner).
The details?
One consultant opined that the credit arrangement involved "
no financial obligation" for the taxpayers;
another the same consultant indicated that "the state would dip into a discretionary pool of CDBG funding, if necessary, to pay off the loan;" and the welfare recipient amplified the point about an absence of financial risk to taxpayers by declaring that, without the government assistance, the company "
anticipates that it will cease operations and be forced to liquidate."
If a young, single mother submitted that application, any doubt she'd be arrested for fraud?
No comments:
Post a Comment