First, a story I heard. (True story.) An expert on internet dating went on her first date with a guy she met on a website. They ate at a fancy restaurant and agreed to split the bill in half. He drives up the bill to $700. He says he's going to the restroom. He never comes back. The duped woman is left with the tab.
Baldwin Park is in debt $58 million dollars. It's a secret the City has been keeping from the public for at least 8 years, maybe longer. Baldwin Park has no intention of paying it back because it can't. Yet, Council Members want to borrow more money. Why?
Because it goes back to them. At some point, I'll publish how. The BPCCC scandal, in which the Director of Parks and Recreation laundered money through an alter-ego entity is only the tip of the iceberg. I'll get into the mechanics of all this at some point, for now, this is why we the boxers fight against this corruption and why Baldwin Park affects you.
Baldwin Park can't pay off it's $58 million. It's virtually impossible. So, what does it do? It just treats it like a credit card bill and pays off the interest every year. Then it renews the loan with a bank from time to time. The bank isn't stupid. It wants its money. So, Baldwin Park pledges it's buildings, like the Esther Snyder Center to the bank. (This is illegal and against the Esther Snyder covenant, but hey - we're in a City that does what it likes whenever it likes. One only needs to look at what it does to me.) It may also be pledging city income resources.
The City can't pay off it's $58 million because the law generally prohibits it from collecting all this money. Cities can't tax our income. Their main revenue stream is property taxes and sales taxes. They also get grants too, which in Baldwin Park - they've been using illegally.
In California, property taxes are locked in. That means, the City Council can't raise it. Thank God. Otherwise, in a corrupt city like Baldwin Park - they'd raise it every year. So, to pay off their debt in five years, my rough estimates show that the City would have to increase their sales tax to 15%, which is a 50% increase from its 9% now. The City won't do that because customers would just shop in another city and businesses would just leave.
Without many options left, the decision makers hatch illegal schemes to make up for the shortfall. Part of this is getting a kickback from Waste Management in the amount of $1 million. In exchange, Baldwin Park awards Waste Management the monopoly contract without ever having it bid, which is required by law. Then Waste Management raises its rates for all the citizens, all 80,000 of us. Or also take for instance, Royal Coaches, where the City Police pretextually targets the undocumented for their car, and in exchange, the City in one year received $1.2 Million in revenue from stealing from the neediest and poorest people. Finally, you see why they gave our boxing coach only a 40 cent raise after working for fourteen years. Hence, to even keep the City running in this twisted system, it needs to steal from people with complex schemes in violation of our Constitutional Rights.
Going back to the Council Members who want their loan. They'll release their fabricated study to justify a useless project, like our Transit Parking Structure or the new affordable housing project, that the City doesn't need, to get their loan on behalf of the citizens. The money gets back to the public officials and their business partners. But what eventually happens is that the interest accrued (and the outstanding pension and healthcare promises owed to its employees) will outstrip all the revenue that is generated from the grants, property tax, sales tax, licensing fees, and illegal schemes.
Like a homeowner who can't pay the mortgage, the City won't be able to pay what it owes and will have to forfeit property.. Then the City loses a stream of income. Then, the City has to cut a service for its citizens.
Let's say it cuts back its police services. Then, as a result, crime goes up. (But maybe we won't know, as even the LAPD changes the crime statistics for us.) Property values go down. The spiral continues downward, as people leave the city or people can't afford the property tax on a house that's becoming worthless. More services get cut. The bank takes back more of its lien property.
Like the dating story, the final result is that the public officials and administrators have stolen millions of dollars from us, while we've been duped with the bill because we believed all their lies. The main point is that my generation, (the Nintendo Generation) will inherit this crippling burden, which will take decades to pay off. All this: because public officials and administrators made the choice to govern the city in a way to maximize how much they could steal from us. Like the dating story, the thief isn't held accountable. The guilty, whom authorized the original loans, could be Council Members or Mayors that are no longer in office or are now dead.
The sad part is that most of the officials and administrators don't even live here. No wonder why the Los Angeles County District Attorney's Office is now investigating Baldwin Park, which I've been telling the world is one of the most corrupt cities in California. That's why we're doing our best to tell the truth and stop these people from stealing from us. But, the City is sending me only one message: Shut up! Or else . . . .