Higher Reserves s/b The New Normal

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In watching the council workshop meeting video of 30JUNE2015,

I’m more in agreement with Mr. Ford’s minimumof 35%.
And in no way … do we want to get into a [return to taxpayer] lose – lose scenario.
Both federal, state an regional budgets are being cut, favoring austerity, more business-like management of municipalities / city government. Running a local government like a business does not seem to work very well. This is separate from transparency and accountability.
Ironically, this is a time where corporations have amassed the highest levels of cash and are unwillingto automatically return it to shareholders. The horizons are too uncertain.
It also appears more prevalent that cities need to be more prepared to go at it alone. Budget sequestrationand cutting at the federal, state and regional levelshould be prompting cities to proactively increase their reserves not decrease them in order to cut taxes.
A normal winter in the NE? A normal hurricane season? A normal drought period? A normal fire season? Lightningcan strike twice. I think the days of normal are gone.
Let us feel blessed that we seem to be at 47%.
Frankly the range of 35% to 45% seems really appropriate.

Tom [Tommy] Menocal
Port Orange, FL
g: 414.367.4140 – GoogleVoice#

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