Scottsdale Borrowing Bucks Trend
This article appeared in today’s Arizona Republic. Reporter Russ Wiles points out that most government agencies in Arizona have paid down debt lately. However, not only has Scottsdale not done so, we are 10th on the list of non-corporate debtors in the State of Arizona. In fact, if the $212 million bond package been approved […]
Phoenix Credit Downgrade
This story appeared in today’s Arizona Republic. City of Phoenix’s credit rating downgraded By Dustin Gardiner The Republic | azcentral.com Fri Dec 20, 2013 9:43 PM Phoenix’s perfect credit rating was downgraded Friday, a blow to city leaders who had pointed to the top rating as evidence of its sound fiscal management compared with other […]
Boring Budgets
The Arizona Republic’s Robert Robb posted this opinion column today. He probably isn’t aware that the brand new Scottsdale City Manager just reported a $3 million budget deficit to the City Council! When Glendale was boring and solvent The City of Glendale is caught in an excruciating budget squeeze, due principally to debt from two […]