According to press reports… the indebtedness of Potter's Cay vendors has been reduced from $587,000 to around $180,000 since a 2012 audit and now the government is going to "assist vendors in bringing their stalls up to standard".
Most people would agree that the area needs a facelift, but is it necessary to give taxpayer dollars to accomplish the task?
I'm reminded of the Nassau Straw Market Conundrum…
Some $28 million taxpayer dollars was spent on the building for them and just a couple years later their arrears were pegged at $216,000…
Like the government, through its Securities Commission, mandates timelines for sharing information with shareholders of publicly traded companies, shouldn't the government at least meet those same requirements for taxpayers?
So while I'll give Mr. Gray one cheer for their efforts so far with collecting some arrears, taxpayers deserve specific information in relation to the number of vendors in arrears and how much (we do not need names), and details of the "facelift" arrangements should also be made public.
It just doesn't seem right so many in the political class seem to think the taxpayer should just shut up and keep paying ever increasing taxes for their schemes.
As more and more revelations come to the fore, I'm beginning to think we are more of a banana republic than we like to believe.
What say you?