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Old 06-26-2013, 06:15 AM
 
112 posts, read 154,092 times
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City faces $50 million deficit - San Antonio Express-News

I hope we are not spending more money than we have coming in.
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Old 06-26-2013, 06:21 AM
 
Location: Texas
2,847 posts, read 1,963,190 times
Reputation: 1748
this should not surprise anyone when the admin here spends like drunken sailors, sorry sailors.

Pretty much ran by spending democrats, are we on a path to Chicago?
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Old 06-26-2013, 07:21 AM
 
Location: San Antonio
1,893 posts, read 4,879,719 times
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Maybe we should sell some more bonds to raise some money. Or build some more big subdivisions to bring in more property tax money. Expand the street car project to produce more nickles into city coffers. How can we have money problems when we are so frugal? I never saw this coming.
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Old 06-26-2013, 07:40 AM
 
340 posts, read 503,642 times
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When was the last time the city had to raise taxes? It's been a very long time. Sculley will figure out a way to stay under budget. It's pretty dang easy to shave 50 million from costs. Remember, the budget is over two billion and quickly growing to three billion.

This thread as well as the news article it links to are both sensational in nature. The Express is very good at being sensational.
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Old 06-26-2013, 07:42 AM
 
340 posts, read 503,642 times
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Quote:
Originally Posted by SnappyBob View Post
Maybe we should sell some more bonds to raise some money. Or build some more big subdivisions to bring in more property tax money. Expand the street car project to produce more nickles into city coffers. How can we have money problems when we are so frugal? I never saw this coming.
You do know the city isn't involved with the street car project any longer. Right?

It also wasn't being paid for with the money included in the city budget.
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Old 06-26-2013, 08:24 AM
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Location: Ohio
16,827 posts, read 33,243,305 times
Reputation: 13624
Quote:
Originally Posted by samvp View Post
You do know the city isn't involved with the street car project any longer. Right?

It also wasn't being paid for with the money included in the city budget.
Did you read the article in the OP? The District 10 councilman said that the city has committed $32 million to the project, but that commitment is reversible as the money has not yet been spent. The mayor expressed reluctance to do that because other government funds (county, Federal) are dependent on those funds.
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Old 06-26-2013, 08:32 AM
 
1,882 posts, read 2,327,805 times
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Ahh who cares. Let's spend it all on renaming all our streets for no reason. Wheeeee......
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Old 06-26-2013, 09:21 AM
 
340 posts, read 503,642 times
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Quote:
Originally Posted by Bo View Post
Did you read the article in the OP? The District 10 councilman said that the city has committed $32 million to the project, but that commitment is reversible as the money has not yet been spent. The mayor expressed reluctance to do that because other government funds (county, Federal) are dependent on those funds.
I was speaking of the PID funded portion of the project.
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Old 06-26-2013, 09:32 AM
 
54 posts, read 207,205 times
Reputation: 54
cant they just type in a cheat to get more money like i do in SimCity !
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Old 06-26-2013, 11:17 AM
 
Location: San Antonio
1,314 posts, read 2,781,234 times
Reputation: 842
Quote:
Originally Posted by aliveandwellinSA View Post
this should not surprise anyone when the admin here spends like drunken sailors, sorry sailors.

Pretty much ran by spending democrats, are we on a path to Chicago?
Balderdash. I don't think the property tax rate has been increased since Sculley's been here (2005ish) and COSA has the highest credit rating of any city in the top 10; it's even higher than the US federal government's rating. In a budget exceeding $2 billion, you'll always find some waste and inefficiency, but IMO, they've been quite responsible with the city coffers.
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