Weather Forecast
59°, mostly cloudy
The city's surplus includes more than the "free cash" fund that Mayor Solomon likes to talk about, so it's highly misleading to say that, because the money didn't specifically come out of the rainy day fund, everything's OK.
The FY18 audit says the city's total reserves (not just the rainy day fund) went from $42.7 million in FY17 to $36.9 million in FY18, a difference of about $5.8 million.
And there's a note about a "fund balance drawdown" of $4.3 million, which includes $1.3 million set aside in FY17 and $3 million used as revenue for FY18.
So, the city used millions of dollars of reserve funds to balance the FY18 budget, despite what Solomon is trying to suggest.
And as far as "not filling many of the 88 vacant city positions that occurred during FY18," Solomon was mayor for 45 days of that fiscal year -- so he wants credit for, basically, doing nothing and/or following the decision that his predecessor made to leave those jobs empty.
Just more attempts to distract people.
Please explain the inappropriate content below.
