Friday, January 16, 2009

"S.A. finds $30 million windfall"

And the politicians are stumbling over themselves trying to find a way to spend it.

No really. The Express-News says so:

Thanks to past lapses of financial oversight, stretching back 25 years in some cases, the City Council finds itself with a surprise $30 million — and it’s ready to spend.

"It’s kind of like your long-lost cousin has left you a bunch of money," Mayor Phil Hardberger said.

During a Friday news conference, Hardberger and Councilwoman Delicia Herrera lavished praise on City Manager Sheryl Sculley for finding the $30 million, essentially the financial dregs of more than 1,000 bond projects. According to Sculley, the money — left over from the projects — sat in the bank and collected interest, instead of going to debt repayment or into similar projects, as it should have.


Word of the windfall left Councilwoman Lourdes Galvan atwitter.

"Our hearts were pumping yesterday just thinking about all the things we were going to do with the money," she said.

Your tax dollars -- and salivating elected officials -- at work for you.

1 comment:

Dave said...

I guess hiring some new police officers or a boost in funding for the Animal Care Services would be out of the question.

Maybe my council member, Delicious Herrera will throw herself a going away party like she did for her birthday (on the city dime).