I went to a city committee meeting in December and the city is still toiling with how to manage the capital development fund after the eye opening analysis presented near the end of 2010. Projects seemed to have been slated for years without no one really ever running the numbers.
Everyone seemed to know money was being spent from this fund but nothing was ever really done to stop its decline. The "excuse" was that the money was there to be spent.
Here is the capital development projection from 2010.
Here is the most recent capital development projection from 2011.
As anyone can see from either projection things will actual need to start changing for this fund to stay viable. I suppose we could always pay more taxes...
I spoke my viewpoint on the capital development fund in April of 2010. My post from April 20, 2010 shows how I voiced my opinion to the council. I'd suggest people start calling their aldermen and ask them how this problem gets fixed, or at the least how it will be addressed.
A good start would be an itemized list of things supported by the transfers to the general fund.
