This statement rings truer than ever,
taking on additional debt in this manner at this time, in the amount proposed and under this packaging without sufficient controls and disclosures in place, would not be prudent
(see prior posting for source of this quote).
My opinion is the failure of the current City Manager (Bill Keffler and his managment team of Dan Johnson, Michelle Thames, David Morgan, E.A. Hoppe) and the Council (Gary Slagel, John Murphy, Bob Townsend, Steve Mitchell, Mark Solomon, Bob Macy, Amir Omar) to fully inform us and draw to attention their plans to issue $18.5 M in debt in the form of certificates of obligation, before or at the same time of asking us to vote on the $66M general obligation bond debt package, is slight of hand on each of their parts.
