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Political Coffee 09-1-2023: Salem city councilor Julie Hoy's stunning testimony about the unnecessary Salem City income tax, links to Salem city budget pages and the Salem city budget tool
Salem city councilor Julie Hoy’s stunning testimony:
“According to page 49 of our 2022 Annual Comprehensive Financial Report, the General Fund reported a surplus of$9,768,525 after budgeting a deficit of $1,432,330. I’ve seen it reported that we had a deficit of $11.2 million for 2022, but that was actually how much we exceeded our budget.
(See City of Salem’s Annual Comprehensive Financial Report for Fiscal Year Ended June 30, 2022) https://www.cityofsalem.net/home/showpublisheddocument/18500/638107980194370000
The surplus in the General Fund is not unique to 2022. Over the past 10 years…
The skinny
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