Richmond officials spent most of 2015 dancing around the city's severe financial plight. As its credit rating dropped to junk bond status, they acted as if everything was hunky-dory.
Meanwhile, we learned that City Manager Bill Lindsay had in May 2014 blocked release of a forecast predicting the city's financial fall. The report warned of mounting general fund shortfalls as expenditures continued to exceed revenues.
Read the full editorial on the Contra Costa Times.
Do you like this post?
Be the first to comment
Sign in with
Facebook