Monday, February 09, 2015

Ouch! That Hurt! But I Deserved It!

REMEMBER THE BUDGET STUDY SESSION?
Yesterday I wrote, HERE, about things coming up in Costa Mesa, including the first of two Budget Study Sessions tomorrow afternoon.  In that segment of my message I referred to a "big budget surplus"... Uh-oh... That may have been a mistake...

SETTING ME STRAIGHT, SO TO SPEAK
Well, late this afternoon I got slapped upside the head by councilwoman Sandra Genis, who knows a thing or two about municipal finances from her time on the council now and when she also served as mayor a few years back.  While she didn't exactly tell me I was lazy and stupid, her message to me  nibbled around the edges of that territory - and she may be correct.

DARN THOSE "VARIANCES"!
The clinker in the issue is the use of the term "variance" when talking about our finances.  I AM NOT going to try to clarify this mess - I'll surely just further confuse the issue.  I WILL, however, refer you to HER blog posting today on La Femme Wonkita, HERE, which does a dandy job of telling it like it is.

BE THERE OR...
So, this is just one more reason to present yourselves at Conference Room 1A at City Hall tomorrow at 5:00 p.m. to hear city officials try to explain exactly what they mean in the staff report, and tell us EXACTLY how many dollars we have left and, according to Genis, how we can spend money we don't have.

UH-HUH...
See you there - I'll be the guy in the back of the room in a dunce cap.

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4 Comments:

Anonymous Casual Viewer said...

Take off the dunce cap, Geoff. We know you're not lazy or stupid - just a bit gullible, perhaps, for believing budget information that comes from the same office that put out misleading figures shortly before election time. Remember the old adage, figures don't lie, but liars sure can figure. Sit in the front and be proud.

2/09/2015 05:39:00 PM  
Blogger Joe said...

Geoff,
One person can only keep up with so many lies each week. You've done an outstanding job overall. Not only that, but as a life-long Republican you've consistently called out the fascist elements of OCGOP, and for that Costa Mesa should be eternally grateful.
Here's your pass.

Genis is good at this stuff. When lots of city people were drinking Bob Citron's Kool Aid in the early 90s, Genis sounded the alarm and pulled out Costa Mesa's money before it was lost. Riggy and Mensy would probably have put more in.

2/10/2015 06:25:00 AM  
Anonymous It has to be said...

Righeimer emphasized his view that we had "blown through $30 million in reserves over the past two years."

-From Bubbling Cauldron March 13, 2011

2/10/2015 09:42:00 AM  
Anonymous Casual Viewer said...

It's one thing to spend reserves when revenue suddenly drops due to a recession. It's another thing entirely to spend reserves when revenue is increasing. Is someone thinking bankruptcy will make the pension problems disappear?

2/10/2015 04:12:00 PM  

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