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15
Dec 2008
A pre-pre budget meeting
Posted by Scott Spielman
at 3:53 PM | Comments
The Wayne City Council will host a special meeting tonight o kick off the annual budget process. It starts at 7 p.m. at Wayne City Hall.
Those who decide to attend will be treated to a presentation of the annual Comprehensive Annual Financial Report (CAFR) and some financial information that will impact the 2009-2010 budget.
You have to read between the lines, here, (since nothing can obfuscate a financial situation like a letter written by an accountant) but I’m going to call it a ‘this is why we’re broke’ meeting.
Since most of what they’ll be talking about—reduction in revenue from declining property values and the loss of personal property tax revenue from Ford Motor, to name a few issues—has been common knowledge for a while, I’ll be more interested in a follow up meeting: ‘This is why we didn’t plan ahead.’
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