Wizard really has confused debt levels with the budgeting process. RT
Promised that budgets would be created with participation of all the
Council members and City Department heads. Since his first budget
that's what he's has done. The budgeting process under the old regime
was three leaders meeting behind closed doors until late October or mid
November when they would appear with a budget for the rest of the
Council to look at and vote on in a matter of weeks.
Whatever you think about the Mayor, the budget process now in place is
clear, open, and traceable for all Minnepolis' citizens.
-Erik
On Oct 24, 2005, at 12:01 PM, responding to Carol Becker who wrote:
The biggest increase in debt both in total dollars and in percentages
is the property tax supported debt. This is the debt that is paid
for directly through property taxes. This category of debt increased
about 270% over the last three years, or almost $200 million. This
is primarily due to the addition of two large chunks of debt. First,
is the library referendum, which in 2004 made up about $93 M in debt.
The other was the pension obligation debt, which in 2004 made up
about $118 M in debt. These two issues alone made up 15% of the
City's overall debt in 2004, debt that didn't exist in 2001.
wmmarks wrote:
While RT didn't have much control over the voters choosing to support
a new library, this mayor, who got into office by saying he would
straighten out the budget, left the biggest problem sitting without
addressing it. Ergo, he has not lived up to his core promise to those
who voted for him.
--
In cooperation,
Erik Riese
Seward US@:
A great place to live, work, learn, create and play.
(612) 724-3217
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