Elrichboy over at elchuqueno.com nailed it again.
He wrote about how our city budget has had a surplus five years in a row yielding $44.6 million.
We thank the city manager for generating the savings.
The five year streak also makes us disbelieve his constant claims that we need tax increases.
Unfortunately our city council will come up with ways to spend the surplus funds instead of using them to pay down our enormous debt.
Before the city continued their spending spree with $161 million of bonds in January of 2019 the cost of debt service was $110 million a year.
They budgeted $193 million from property taxes that year.
Yes 57% of our property taxes went to debt service in fiscal year 2019.
We deserve better