We're worse than Oceanside, but not as bad as Escondido!
Union-Trib:
Reserves by Agency
This is the result of a decade of rule by the Stocks-Dalager Gang and the city unions. If we had competent and honest leadership, Encinitas would be at the top with its peers Carlsbad, Poway, and Solana Beach, and not in the gutter with Oceanside and Escondido.
UPDATE: Stocks responds. If you count more categories as "reserves," we have more reserves. So if you un-dedicate a bunch of dedicated funds, you have more undedicated funds. Duh.
Please excuse the Union-Tribune for using the uniform methodology used by the bond rating agencies.
Basically the city is broke.. Not real news now is it?? Anybody paying attention already know this.
ReplyDeleteDo Carlsbad & Solana Beach have honest competent leadership? Are there specific things you can point to that support this assertion? If so, let's get those things in the news -- give something concrete to the voters that they can easily understand!
ReplyDeleteI have no idea about Carlsbad & Solana Beach's leadership.
DeleteBut when you take a city with demographics and tax base of Solana Beach and Carlsbad, and turn it into a city with the financial condition of Oceanside and Escondido, the leaders are certainly incompetent and/or corrupt.
So the cost of the General Plan fiasco, if it could have been avoided, would double the amount of funds that we have in reserve. Why did they provide us a plan for 59,000 people that is over twice as big as the plan for San Diego County that has over 3,000,000 people.
ReplyDeleteBecause they are idiots, next question.
DeleteJerome, If I count the money I'm going to inherit when my parents die, my reserves are higher also. Funny though, my banker won't let me do that.....
ReplyDelete