A local city is kicking around a method to improve their water, and sewer, infrastructure. They raised their rates last year, and according to citizens, it didn't do anything. Some want the rates to be raised, and some want to borrow the money. Both options mean the money collected was either never enough, or was used for another purpose. My opinion is it was wasted on administrative costs not associated with anything other than shuffling paper, employee perks, underfunded pensions, and the general complete lack of fiscal responsibility by those in government. The decision, regardless of what it is, will lead to more people leaving, less tax money due to devaluation of real estate, more bureaucracy, and another nail in the coffin of fiscal health. It's the city way. I'm glad I don't live there, and glad I never had the loss of clarity and wanting to move there.
Riddle: how did we get the money to build it in the first place if we can't maintain it now? And where is that money going?
ReplyDeleteThey don't know. Simple economics is way above their mental capacity.
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