suggesting that Mr. Alston has effectively handled Guilford County finances
by publishing the following quote without comment?
“I think the citizens saw that over the last two years
we’ve been very effective in dealing with their tax money.
Skip Alston
Chairman of the Guilford County Commissioners,
which might ask county residents to vote on a quarter-cent sales tax hike in November”
Greensboro News and Record Editorial Page, Saturday, August 21, 2010
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,
does the Greensboro News & Record’s Editorial Board believe the county
should 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
If the Greensboro News & Record’s Editorial Board disseminated Skip Alston’s words,
are they is suggesting Mr. Alston has not effectively managed the County’s finances,
and if so, should they say so?
Could Guilford County face a $73 million budget deficit in 2011/12?
Total Principal and Interest Due 2010/12...................$98,352,299
Total Principal and Interest Due 2010/11....................-$70,850,005
Additional Principal and Interest Outlay.....................= $27,502,294
Minus 2010/11 Fund excess surplus elimination........$36,695,976
Plus additional corrections costs for new jail................$9,000,000
Potential 2011/12 Budget Deficit...................................$73,198,270
Has the Greensboro News & Record, Yes Weekly, the Rhino and other local media outlets reported on what may be Guilford County’s 2011/12 Budget Deficit?
If the Greensboro News & Record Editorial Board and others etc...doesn’t report on the specifics of Guilford County finances,
how are readers able to conclude what to think of Mr. Alston’s comment?
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