Fact Check: Republican’s math doesn’t add up.

Under Democratic Leadership New Albany enjoys stellar financial position

 
NEW ALBANY, October 11, 2019 –Former County Commissioner Mark Seabrook claims voters need to elect him to restore New Albany “back to a strong financial footing,” but there is a problem with his math. It doesn’t add up and his own running mates appear to agree through their votes as council members over the last four years on the City budget.

 Here are the facts:

- Standard and Poor’s Financial Ratings Company gives New Albany an A+ financial and stated it has “strong flexibility and very strong liquidity.” 

- Over the past 7 years the administration has maintained a balanced budget with not one budget overspent.

- A recent Independent State Board of Account’s audit of the city’s 2018 financial records resulted in a clean bill of health for the city’s finances and was described as “exceptional.” 

- NO new taxes have been implemented in the last 7 years. 

- Per capita New Albany has less debt than Carmel, Evansville, Noblesville, Fort Wayne,  Jeffersonville, Seymour, and Clarksville.

- Republican Council members all voted in support of the annual budget in each of the past four years.

By contrast, Seabrook’s own tenure as the chief executive in county government stands in stark contrast:

- In 2018, Floyd County overspent its budget by $407,139.

 - In 2017, Floyd County overspent its budget by $1,184,009.

 - In 2016, Floyd County overspent its budget by $1,685,831.

 - In 2015, Floyd County overspent its budget by $1,292,933.

 - Independent State Board of Account audits show gross mismanagement, unapproved expenditures, and over budget spending.   

 -  Failure to abide and meet funding obligation for joint city – county parks department by nearly $4 million. 

 Enough is enough. Public service is not a game and Mark Seabrook’s record is anything but fiscally responsible. New Albany citizens shouldn’t be buried under Mark Seabrook’s fake news.

 
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