The Negative Fund Balance No One Talks About
The Golf Course (What Amsterdam residents need to know about the city’s “negative fund balance”):
A few of the city’s funds were negative, however. The Golf Course fund was negative $26,205, and the Transportation Fund was negative $347,344. These balances are problematic.
I understand this is intentionally provocative. But my point is simply to stress how important it is to seriously discuss financials and economics versus demagoguing on financials with no context or understanding.
I’m merely playing the game back to highlight the hypocrisy on financials and to point out how vacuous most of the discussion on the state of the city’s financials truly is.
We saw the same thing play out on a national level with the debt ceiling and with the financial crisis so I shouldn’t be surprised.
However, I am also deeply troubled that I am going to get even more [expletive here] as a taxpayer and homeowner simply because our elected leaders continue to make disastrous decisions on financial and economic matters in the city. The reason is simple: preserve the entrenched interests of the few above the interests of the city as a whole. Simple as that.
We deserve better.
But we’re not going to get it.