Skip to main content

Beth O'Conner's Testimony Before the Maine Appropriations and Financial Affairs Committee

Testimony by 
Beth O'Connor
Before the Maine Congressional Committee
January 8th 2014

Thank you Senator Hill , Representative Rotundo, ladies and gentlemen of the Appropriations and Financial Affairs Committee for taking my testimony on "An Act to Repeal Bonding Authority of the Maine Governmental Facilities Authority."

My name is Beth O'Connor. I am the Chairman for Maine Taxpayers United and am here as a representative for our board of directors and members in favor of supporting LD # 790 Sponsored by Representative Sirocki.

Every day in the newspapers, magazines, social media, etc. we see that the Maine legislative body is struggling to find solutions to pay current debt and all of our mandatory obligations, not to mention our moral obligations. We are all aware that all debt incurred by us today, will be paid for by our children and grandchildren. It is up to all of us to ensure the obligations placed on the future are not only prudent, but just.

A few years ago I was made aware of a piece written by the Honorable Peter Mills regarding the Government Facilities Authority, I was most intrigued by this statement;

"Government Facilities Authority (the "GFA"). In 1998 the money was used to build new prisons and to renovate the State House complex. The record surplus of that year was spent on other things" he went on to say "GFA bonds are technically unenforceable in the sense that no subsequent legislature is legally required to pay them off. Because they are not passed by a 2/3 vote of the legislature and are not approved by voters, they do not carry the "full faith and credit" of the state."

That does not make me, or many others feel very comfortable knowing one legislative and executive body can have a field day spending other people's money on pet projects that they can take credit for today and pass the buck down the road for the next body to determine how this debt is to be paid. The GFA gives each legislature the power to make the next five (2 year sessions) legislatures pay off the debts that it creates.

As of 2012 debt for the GFA was 187 million by tax dollar supported agency budgets.

As of 2012 our moral obligation debt was over four billion in promise of payment, but it is not legally enforceable.

Our total tax supported debt burden in Maine is currently 2.3% of personal income.

All proposed bonding, borrowing, should be able to pass the test of muster and be able to secure, as is Constitutionally required a 2/3rds vote from the legislative body and be further sent out for approval of the taxpayers who ultimately are the ones footing the bill. Supporting this legislation will help attain the fore mentioned.

Thank you for your time and consideration as well as your service to Maine citizens.

Comments

Popular posts from this blog

Communism and State Ownership of Intellectual Property

Tweet This: http://goo.gl/BcA6ru Government As a Secret Society The response to my informal suggestion that public accessibility to government could be improved by making information available in a searchable data base ( see previous post) subjectively confirmed that the  functioning power elite of Maine's economic development programs and policies are both intentional in instituting a political ideology that supersedes the will of the people, as expressed in the Maine State Constitution, and deceptive towards the general public. 1.Information made available on an agency website but not in a searchable database format may not provide the research and investigative tool needed by the public. The Freedom of Access Act does not require that public information be posted online in any particular format, just that public records be made available. While there is a strong argument for increasing the accessibility and usefulness of information, there is no current requ

Which Currency will Emerge as Most Valued in the New World Order ?

pascal-meier-unsplash Also published on Medium;s Data Driven Investor I woke up in the morning contemplating how the world had just suddenly changed over night, or at least the human perception of the world. My thoughts then jumped to a time I have only read about, when a similar event happened in the realm of science. The story goes that around the turn of the twentieth century, scientists believed that mankind had figured everything out that there was to know about how the workings of the physical world except what was considered to be a minor detail. Existing theory could not account for why the observed spectrum of black body radiation, diverged at higher frequencies from what was predicted. Plank solved the mystery by making a different assumption about the nature of the frequency of black body radiation. Others were assuming that radiation was continuous but Plank assumed that atoms could only vibrate at certain frequencies that were whole number multiples of a base fre

I am a Baby Boomer, and this is the story of how my generation let the great wealth divide happen.

Featuring The Maine Capital Corporation of 1976  Established in the wake of a newly centralized United States Economy,  Image for post Image by Mackenzie Andersen using public domain clip art Legal status disclosure: This is an opinion of a layperson. independent researcher ,and private citizen of Maine. My generation, aka the baby boomers, did not create the great wealth divide that advantages the few at the expense of the many, but we allowed it to take place. In order to understand a great effect, one needs to understand the molecular response occurring at the scale of individual human interaction.This story posits that the centralization of the American economy was a large contributing factor in the creation and escalation of the wealth gap and examines how it manifested on location to the benefit of the private capital interests of the few. The story takes a step back in time to the when the first act of legislation passed after the centrally managed economy of Maine was declared