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18-11-2014, 10:40 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
A casual reader of that statement or claim might have gone away with the impression that the AHPETC had received this S$3.3 million and has squandered S$3.3 million in the span of two years, and that the town council is now in a deficit of S$734,000.
Indeed, reading online comments following Mr Lee’s remarks shows that some do think this.
So let’s get the facts right.
First, when Mr Lee used the word “Aljunied”, he was referring to the town council previously run by the People’s Action Party (PAP) team in Aljunied GRC which was led by former minister, George Yeo.
Thus, when Mr Lee said that “Aljunied had an operating surplus of S$3.3m”, he meant that the PAP town council under Mr Yeo had the operating surplus.
When WP won in the elections and took over Aljunied GRC, the Town Councils Act (TCA) prescribes that “all its surpluses” – referring to the previous town council – “shall be transferred to the prescribed sinking funds of the Town Council”.
According to the TCA, if the new MPs are from the same political party as those of the previous town council, then 80 per cent of its surpluses shall be transferred to the sinking fund.
If, however, as in the case of Aljunied, the new MPs elected are from a different political party, then “all its surpluses” – ie, 100 per cent of the surpluses – “shall be transferred to the prescribed sinking funds of the Town Council.”
So, the first question about Mr Lee’s remarks is: did the previous PAP Aljunied Town Council leave $3.3m for the WP’s AHPETC? Or did it transfer all $3.3m into the sinking fund as required by the TCA?
More.....http://www.tremeritus.com/2014/11/18...e-whole-story/ (http://www.tremeritus.com/2014/11/18/ahpetc-did-desmond-lee-tell-the-whole-story/)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?194244-Desmond-Lee-s-Jurong-GRC-rec-d-7mil-grant-to-overcome-3mil-deficit&goto=newpost).
A casual reader of that statement or claim might have gone away with the impression that the AHPETC had received this S$3.3 million and has squandered S$3.3 million in the span of two years, and that the town council is now in a deficit of S$734,000.
Indeed, reading online comments following Mr Lee’s remarks shows that some do think this.
So let’s get the facts right.
First, when Mr Lee used the word “Aljunied”, he was referring to the town council previously run by the People’s Action Party (PAP) team in Aljunied GRC which was led by former minister, George Yeo.
Thus, when Mr Lee said that “Aljunied had an operating surplus of S$3.3m”, he meant that the PAP town council under Mr Yeo had the operating surplus.
When WP won in the elections and took over Aljunied GRC, the Town Councils Act (TCA) prescribes that “all its surpluses” – referring to the previous town council – “shall be transferred to the prescribed sinking funds of the Town Council”.
According to the TCA, if the new MPs are from the same political party as those of the previous town council, then 80 per cent of its surpluses shall be transferred to the sinking fund.
If, however, as in the case of Aljunied, the new MPs elected are from a different political party, then “all its surpluses” – ie, 100 per cent of the surpluses – “shall be transferred to the prescribed sinking funds of the Town Council.”
So, the first question about Mr Lee’s remarks is: did the previous PAP Aljunied Town Council leave $3.3m for the WP’s AHPETC? Or did it transfer all $3.3m into the sinking fund as required by the TCA?
More.....http://www.tremeritus.com/2014/11/18...e-whole-story/ (http://www.tremeritus.com/2014/11/18/ahpetc-did-desmond-lee-tell-the-whole-story/)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?194244-Desmond-Lee-s-Jurong-GRC-rec-d-7mil-grant-to-overcome-3mil-deficit&goto=newpost).