This slide from a city presentation sums up our financial situation pretty well:
Remember that our current situation does not include the debt that we will take on when the arena and other quality of life projects are started.
We deserve better
Brutus
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What is the increase with the QOL and the Baseball project? 50-60M?
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The Q of L is about a half billion. Sounds different when you say it like that, doesn’t it. And when you start adding up other taxing entity debt, we are well on our way to two billion. And even with all that at play, the City thought it needed COs? Go back a decade and if with combined taxing entities, debt was very low.
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Here is what city and county spending reminds me of…….
……..people who want to keep up with their friends, so they spend money they don’t have
……..people who drive a Mercedes when they have a Chevrolet income
……..people who have a Cadillac parked next to their run-down house which has a color TV in the window, but their kids are running around shoeless in dirty clothes
WTF are these people thinking?!
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The majority if not all of this debt was approved and committed during the Cook-WIlson regime.
This council unfortunately got stuck with having to fund the debt.
This is why City Council’s are not supposed to obligate future council’s.
The Cook-WIlson-FuzzyMathLady- Byrd-Ortega-Orourke-.MorganLilly legacy is criminal
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