Thanks for the link Chico Politics – City of Chico #8 on list of most fiscally distressed cities in California

10 Nov

Well, I want to take a vacation, but it’s hard to stop thinking about politics. I checked in with Michael Jones over at Chico Politics:

http://chicopolitics.com/2014/11/07/i-wish-i-wish-to-be-a-fiscal-conservative/

and found this frightening article from California Policy Center –  I hate it when I realize,  it’s worse than even I could imagine:

http://californiapolicycenter.org/californias-most-financially-stressed-cities-and-counties/

Why am I not surprised? Neither is “Publius”, who compares the scenarios from other cities on the list to exactly what Chris Constantin has been doing in Chico:

The supporting documentation for the article is entertaining as well. My favorite quote came from the LA TIMES article used to support the comments about Compton:

“A recent grand jury report found that the High Desert city of Victorville used a series of disparate, possibly illegal measures to stave off insolvency. Those included dipping into sanitation funds to help keep the city’s treasury afloat, loaning water agency funds to bail out the city’s electric utility and siphoning $2 million in airport bond funds to buy land for a city library.”

When they talked about borrowing from the sanitation fund, I felt like I was reading the Enterprise Record from a couple of weeks ago.

Some more entertaining lines:

“In Montebello, state auditors last year said they were troubled to learn that the city regularly used money designed for specific purposes to balance its budget — in apparent violation of the law.

‘It appears that the City moved money wherever it wanted, whenever it wanted, regardless of the law or the intended purpose of those taxpayer dollars,’ Controller John Chiang said in a statement.

Montebello officials said they are not close to bankruptcy but acknowledged that accounting problems were serious. ‘We borrowed money from all over the place, from all sorts of restricted funds. Every type of restricted fund, we have borrowed from it at some point to balance the budget,’ said Councilwoman Christina Cortez.”

It’s good to see we are at least following the Industry Standard when it comes to balancing our budget.

Yes, Publius is correct. If you go to a meeting once in a while, you will hear Constantin report exactly the same stuff. He’s running a shell game out of City Hall, and we’re all standing around watching him like we just fell of the turnip truck yesterday. 

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