“We Don’t Need No Stinking Financial Plan”
Why do we have a nagging feeling that Dan Macsay and his partners in misappropriating the treasury for nearly $20 million are going to skip town and stick us with the bill?
It’s because the Modoc County Board of Supervisors, of which Macsay is chair, is giddy with the elixir of new found money in the treasury -- the same treasury they milked for years, and the same treasury the state has said Macsay and partners must replenish -- or else.
It’s the “or else” that bothers us. In that mandate from the state resides the clue to why we have a nagging feeling that we the taxpayers are going to get stung.
Case in point:
Everyone was under the impression the supervisors had to refill the raided treasury cup and balance its books by June30 or the heavens would fall on it. They did not refill the empty cup and nothing happened.
The State Controller’s Office warned that if the money was not replaced, the county would surely go bankrupt. Nothing happened.
Now the state is a willing partner with Macsay & Co. in a cloudy deal that allows the board to take more money from a “reorganized” treasury -- at least reorganized in its terminology.
What they used to be called simply “restricted” funds, they now call “internal” and “external” funds.
We think it’s more akin to the old shell game. Why? Because there is nothing, absolutely nothing requiring the board to repay what will surely amount to $5 million or more before they are through this fiscal year -- all condoned by the state.
To paraphrase a Bogart movie, “Financial plan for repaying the treasury? We don’t need no stinking financial plan.”
-- Ray A. March