Coons is going down...
NRSC · Sept 17, 2010 · Staff
While the Associated Press reports that Democrat U.S. Senate hopeful Chris Coons (D-DE) claims he “successfully restored his county to financial health and is ready to do the same for the federal government,” an examination of Coons’ record as New Castle County Executive shows otherwise.
In fact, by Coon’s own standard, he led the county from being “fundamentally sound” to the verge of bankruptcy in just four years, lamenting that the county was “18 months from being out of money” and “unable to operate.”
As New Castle County’s spending skyrocketed by 10 percent under Coons’ leadership, he shifted the burden for his irresponsibility to taxpayers with three massive property tax hikes of 5 percent, 17.5 percent and 25 percent respectively. In 2008, Fitch Ratings downgraded the county’s “rating outlook” from stable to negative because the county’s cash balances were decreasing under Coons’ reckless stewardship.
In fact, by Coon’s own standard, he led the county from being “fundamentally sound” to the verge of bankruptcy in just four years, lamenting that the county was “18 months from being out of money” and “unable to operate.”
As New Castle County’s spending skyrocketed by 10 percent under Coons’ leadership, he shifted the burden for his irresponsibility to taxpayers with three massive property tax hikes of 5 percent, 17.5 percent and 25 percent respectively. In 2008, Fitch Ratings downgraded the county’s “rating outlook” from stable to negative because the county’s cash balances were decreasing under Coons’ reckless stewardship.
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