Wednesday, June 9, 2010

Will Guilford County burn through $83,543,112 of savings in three years while borrowing $437,275,000 more?

The fund balance — basically the county’s savings account
went from about $145.2 million to $95.6 million in the 2009-2010 budget year.

The new budget projects it dropping to $61.6 million.

Joe Killian

If Guilford County owed $557,405,000 with $145,197,780 in the bank
after Fiscal Year 08/09,
and intends to owe about $984,775,000 with about $61,654,668 in reserves
after Fiscal Year 2010/11,
did Guilford County’s Commissionersjust hit taxpayers up for about $520,818,112
as revenues fall
and Federal, State and City of Greensboro contributions dwindle?

$984,775,000 Debt
-$557,405,000
=$437,275,000 More Debt

+

$145,197,780
- $61,654,668 Cash Reserves
= $83,543,112 Less Cash

= $520,818,112 more money allocated in the name of the electorate
collateralized by mandatory taxation.
Monday, June 7, 2010
.
Sunday, June 6, 2010
Saturday, June 5, 2010
Friday, June 4, 2010
Thursday, June 3, 2010
Wednesday, June 2, 2010
Sunday, May 9, 2010
.
Monday, April 26, 2010
Lie to the Greensboro News and Record
Sunday, April 25, 2010
Friday, April 23, 2010
Friday, April 16, 2010

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