Letters to the Editor: 2-14-2013
WHAT BUDGET CRISIS? We are being told that we have a budget crisis, but what most people don’t know is that the budget is not the only way to gauge the financial health of the city. The full picture can be found in the Comprehensive Annual Financial Report. The CAFR reports all the assets and liabilities of the city; the budget is just a very small part of that report. The CAFR has always shown a huge surplus, even when the budget shows a deficit. Continue reading