Monday, October 18, 2010
The Cookie Jar (alias for the General Reserve Fund)
I hear sales tax is up. The previous Administration projected 4% growth for 2010 and it is running at or a little above 3%. That's good news for the City. The Mayor says the surplus will go into the cookie jar for the Event Center. Well, there is no surplus yet, is there? What about fixing all those streets he said need fixing? What about all those budget cuts the departments made this year and next year in order to be fiscally prudent with taxpayer dollars? No cost of living adjustments for city employees, again. I seem to recall the Mayor saying he would revisit those budget cuts made to city departments and non-profits. I think it is a little early to be announcing there is surplus money for his cookie jar.