Deficits R Us
The Scottsdale City Council voted tonight for (among other things) tentative approval of the FY2013/2014 budget. This year’s budget includes a structural deficit (i.e., planned, as opposed to actual, which we won’t know until the end of the fiscal year next June) of $9.4 million. What is a deficit? That’s when expenditures exceed revenue. Then […]
Mayday, Mayday, Mayday on the Debt
Did you know that the term “Mayday” comes from the French “venez m’aider” (come help me)? I didn’t either until I read this story in the Payson Roundup about US Rep. Paul Gosar (R, Prescott) lecturing on the US debt. It’s too bad we don’t have a rep from this district (or a […]
Hidden Editorial: PGA Subsidy
This was in the Republic this morning, presumably written by Editorial Page editor Grant Martin. Obviously, I disagree. You can read my thoughts on this subject in an article I published in December 2012. City is wise to invest in Phoenix Open, its preeminent event The Waste Management Phoenix Open is far from perfect. Its […]