Vicky Heller's post got me to the city website then the budget. Go to the city sight click budget, it'll get you to lots of PDF docs. Boring accounting stuff. But it's what you need to know.
There seems to be a gap between 2001 Revenues 493,866,000 and Expenditures 542,690,000 That's a gap of over 49 Million. Where is it being carried on the books? How did the city get borrowing authority that 50 states and no other municipal government enjoys? Can some one from city hall clear the soup here? Or are we running an annual deficit like Uncle Sam? The other item I noticed in Vicky's post. The amount of debt service. She correctly points out that it went up almost 40% in one year!! What's the forecast amount in the out years. Over a third of our rev is paying interest. What if 1/3 of your income was paying credit cards? I know my life is not the city, but GD! what's going on here? Craig Miller Former Fultonite [EMAIL PROTECTED] _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
