During the Gracedale Initiative saga, Stoffa stated on more than one occasion that there was not enough money in the fund balance to pay off the swaption. To prove that point he allowed the swaption to go from under 10 million to 25+ million dollars.
His action yesterday proves that Controller Barron was right about the fund balance back then, and the swaption should have been paid off when it was under 10 million.
Now Stoffa is confident that the county can move forward in 2012. After throwing away over 15 million dollars of our (tax payer) money.
To be fair to Stoffa, he was not in office when the swaption was introduced to the County, however, he was in office 2 yrs ago, and could have made a real difference when the swaption was under 10 million - but chose instead to prove a point...a costly point to the tax payers.
Stoffa will go down in NorCo history as the worst County Executive to ever hold office...and he continues to speak behind closed doors about having the county buy a new building, possibly to put his name on the building before leaving office. Consider the sound - The John Stoffa Building...yeah right!!!