Melvin “Skip” Alston declared the state of county government to be “in great condition”and then explained how it’s not.
...additional revenue is needed more urgently now, Alston said, because of $651 million in bond projects approved by voters in 2008.
Paying for them will add $52 million in debt-service costs to next year’s county budget, Alston predicted."
If Total Principal and Interest Due in 2010/12 is.........$98,352,299,
Has the Greensboro News & Record informed the public
Alston is right that the public has to pay for the projects...it said it wanted."
Don't they really mean "the projects the N&R promoted and endorsed"?
Don't they really mean
Don't they really mean"the projects TREBIC promoted"?
...It’s hard to disagree with Commissioner Paul Gibson, who said, “The way we’re doing it, it’s like someone’s asleep at the wheel.”
...voters have reason to believe commissioners themselves aren’t much alarmed.
...The recession has cut into tax revenues..."
"Current conditions are precarious, and leaders have to find real solutions."
The Greensboro News and Record Editorial Board
If Guilford County, North Carolina spent ~$53,161,224"
more than received in tax and other revenues in FY 2009/10
and plans to spend $36,695,976 more than expected income in FY 2010/11,
should the county borrow $191,400,000 more in FY 2010/11
and $155,930,000 more in FY 2011/12,
while drawing down $89,857,200 of savings in two years?
Source: Pages 18 and 198, Guilford County adopted FY 2010/11 Budget