Summary
Mayor Adrian Fenty is fine tuning his fiscal 2009 budget plan, and usually, the city's Comprehensive Annual Financial Report (CAFR) is available for all interested stakeholders to peruse. This year is different. The CAFR is the independent audit of D.C. records that looks at spending and revenues, as well as the city's capacity to keep things in check. The lack of that critical information as the Fenty administration prepares a budget is offputting.
The mayor wants to spend new money on dozens of new educational programs, and City Hall is becoming increasingly determined to build sports facilities with public dollars while stakeholders question when real estate revenue will flatline. So, go figure. Add, for example, the "urgency" to spend tens of millions of dollars on upgrading school athletic programs to the tens of millions in mandatory school salaries and benefits, and we wonder whether anyone in City Hall can mouth the word "no."See the full content of this document
Extract
D.C. Budget Busters
A look at a few misplaced priorities: The city will be saluting in April the opening of a new baseball stadium whose costs continue to rise;...
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