As Mayor, ‘Hard-Core Fiscal Conservative’ Sarah Palin Left Wasilla awash in $20 Million In Debt»
The campaign of Sen. John McCain (R-AZ) is presenting his running mate, Gov. Sarah Palin (R-AK), as a reformer, fiscal conservative, and “tough minded budget cutter.” Other conservatives have latched onto this image - Phyllis Schlafly calls Palin “the total package” with “fiscal conservative credentials.”
rs of legal wrangling” and cost Wasilla almost $1.7 million, “a lot more than the roughly $125,000 the city would have paid in 1998 if it had closed a deal to buy the property outright.” Wasilla is still facing budget shortfalls from the case today.
When Palin left office in 2002, Wasilla had “racked up nearly $20 million in long term debt,” or roughly $3,000 of debt per resident.