"Greensboro anticipates county, state budget impacts": Remember what happened last year?

"Six months out from the next fiscal year, Greensboro’s already $7 million in the hole,
City Manager Rashad Young told council members today.

Should Greensboro borrow $40,000,000 and spend down $4,900,000 of reserves
in the same year?

It’s a budget gap that may only get larger – perhaps by more than $25 million
– as the state and county governments decide whether to hit the city up for money
to balance their budgets.

Is GSO’s City Council suggesting we borrow $19,000,000
to build a ritzy swimming pool while cutting summer activities at 14 city parks?

...Council members also asked Young to make recommendations for up to $18 million in budget cuts,
to brace the city for the state withholding revenue or the county charging more for services."

Amanda Lehmert

If Greensboro’s City Council approves a profligate debt expense
for a swimming pool
as Greensboro’s tax revenues fall,
will our community create jobs for what some want,
by eliminating needed civil service employment
as unavoidable budget cuts become necessary
to support overleveraged principle and interest obligations?