tag:blogger.com,1999:blog-361824526868946733.post5377895608828287229..comments2023-10-04T01:00:46.984-07:00Comments on LOVE: Let Oro Valley Excel: John Musolf (Who Knows What He Is Talking About ) Discusses " Raiding " Our Contingency FundRichard Furash, MBAhttp://www.blogger.com/profile/11114566215839912640noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-361824526868946733.post-38999536048769780282010-02-09T21:43:09.988-07:002010-02-09T21:43:09.988-07:00John.... to quote you,
"Why is it necessary ...John.... to quote you,<br /><br />"Why is it necessary for you to denigrate a person, David Andrews, to try to make a point? What has happened to civility?"<br /><br />That is a knee-jerk, completely inaccurate reaction to my comments. And I submit it indicates a predisposition to any comment I might make and therefore calls into question your ability to be objective. <br /><br />David OV Objective Thinkerhttps://www.blogger.com/profile/01026296138234301505noreply@blogger.comtag:blogger.com,1999:blog-361824526868946733.post-91461099808238585112010-02-09T20:14:55.050-07:002010-02-09T20:14:55.050-07:00OV Ojective Thinker
Pros
You are correct that th...OV Ojective Thinker<br /><br />Pros<br /><br />You are correct that there is no statutory requirement for a contingency fund.<br /><br />You are correct that a contingency fund does improve any government bond rating.<br /><br />You are correct that Resolution 07-78 establishes a Town Council Policy for a contingency fund. It establishes a minimum of 25% of the general fund annual expenditure (arizonamoosehttps://www.blogger.com/profile/13283056319281659325noreply@blogger.comtag:blogger.com,1999:blog-361824526868946733.post-12806153678860247102010-02-09T15:45:52.662-07:002010-02-09T15:45:52.662-07:00John Martin
You made some very good observations ...John Martin<br /><br />You made some very good observations about the “State of the Town of Oro Valley”. <br /><br />First, let’s talk about a few past examples of Town Council Performance:<br /><br />Utility Tax<br /><br />The real reason for the utility tax was insufficient recurring general funds to support 18.5 new desired positions. The 18.5 new positions had been voted down twice in arizonamoosehttps://www.blogger.com/profile/13283056319281659325noreply@blogger.comtag:blogger.com,1999:blog-361824526868946733.post-40396160470676429332010-02-08T21:08:01.011-07:002010-02-08T21:08:01.011-07:00O. THINKER:
GREAT POST!
NO NEON BREATHING.O. THINKER:<br /><br />GREAT POST!<br /><br />NO NEON BREATHING.Nombe Watanabehttps://www.blogger.com/profile/11659475481039950174noreply@blogger.comtag:blogger.com,1999:blog-361824526868946733.post-91231472757502637742010-02-08T14:52:51.849-07:002010-02-08T14:52:51.849-07:00Hi John...
I am happy to comment on the budget. I...Hi John...<br /><br />I am happy to comment on the budget. It’s one of my favorite topics.<br /><br />I find the dipping into the contingency fund to be a reasoned use of revenue during tough economic times such as these. The contingency fund IS the people's money just the same as other dollars and therefore should be available. <br /><br />Let’s examine the contingency fund for a moment. TheOV Objective Thinkerhttps://www.blogger.com/profile/01026296138234301505noreply@blogger.comtag:blogger.com,1999:blog-361824526868946733.post-14646388027573062412010-02-08T11:00:51.135-07:002010-02-08T11:00:51.135-07:00I too believe Mr. Martin has raised some serious c...I too believe Mr. Martin has raised some serious concerns, and the question is---- who do we want leading us during the difficult near term future?<br /><br />Loomis has proved time and time again that he will tax the people of Oro Valley BEFORE he'll cut his overzealous expenditures.<br /><br />The fact that Loomis put his personal agenda in the forefront by terminating David Andrews was artmarthhttps://www.blogger.com/profile/13882439837604827576noreply@blogger.comtag:blogger.com,1999:blog-361824526868946733.post-12780653307089368712010-02-08T10:22:25.264-07:002010-02-08T10:22:25.264-07:00John Martin has provided an accurate and sober ass...John Martin has provided an accurate and sober assessment of the situation OV now faces.<br /><br />Although I enjoy the neon breathing slap stick between Objective Thinker and his critics, it is time to concentrate on the issues Mr. Martin so clearly notes.<br /><br />I suspect the police unions will go over the edge if we are forced to cut manpower. It will not be a good year.Nombe Watanabehttps://www.blogger.com/profile/11659475481039950174noreply@blogger.comtag:blogger.com,1999:blog-361824526868946733.post-18182475635580827672010-02-08T09:55:01.852-07:002010-02-08T09:55:01.852-07:00Yes, Oro Valley finds itself in a real budget mess...Yes, Oro Valley finds itself in a real budget mess. I can’t help but think that no matter who wins this upcoming election, the victors will have the worst set of spoils. With no support for a property tax (not that it should be the first or preferred alternative), the new council must make deeper cuts. Furthermore, the town faces long-term fiscal problems. At 90-plus-percent build-out, Oro ValleyJohn Martinhttps://www.blogger.com/profile/05478015505559033557noreply@blogger.comtag:blogger.com,1999:blog-361824526868946733.post-54973503962772651802010-02-08T08:33:05.258-07:002010-02-08T08:33:05.258-07:00Tetsua-san
Thank you for your comments on raiding...Tetsua-san<br /><br />Thank you for your comments on raiding the OV Contingency Fund.<br />Bill Adler said it best when he commented that Mayor Loomis and some council members changed the formula for a balanced budget from Revenue = Expenditures to Revenue + Contingency Fund = Expenditures.<br />Perhaps they have never had to balance a business or family budget. Of course when you are playing arizonamoosehttps://www.blogger.com/profile/13283056319281659325noreply@blogger.comtag:blogger.com,1999:blog-361824526868946733.post-66462668558538694642010-02-07T09:10:33.362-07:002010-02-07T09:10:33.362-07:00Allow me to jump before the 'god' does. I ...Allow me to jump before the 'god' does. I am glad the 'god' has decided who should be on the Town Council and who should not.<br /><br />However I am probably correct in my first posting also.OV Objective Thinkerhttps://www.blogger.com/profile/01026296138234301505noreply@blogger.comtag:blogger.com,1999:blog-361824526868946733.post-11655776912565020682010-02-07T09:08:03.906-07:002010-02-07T09:08:03.906-07:00I am certainly that the 'self appointed god...I am certainly that the 'self appointed god' has determined who should and should not live in Oro Valley<br /><br />I would expect nothing less.OV Objective Thinkerhttps://www.blogger.com/profile/01026296138234301505noreply@blogger.comtag:blogger.com,1999:blog-361824526868946733.post-18253093331231471322010-02-06T12:49:21.578-07:002010-02-06T12:49:21.578-07:00"Tetsua-san" --- Thank you for your astu..."Tetsua-san" --- Thank you for your astute comment.<br /><br />Anyone that doesn't understand what John Musolf is saying, does NOT belong on the OV Council.<br /><br />John has enough educational degrees in finance to be listened to when he cautions us on "raiding" our contingency fund.<br /><br />I hope the voters all know that Loomis & Carter voted to do just that. artmarthhttps://www.blogger.com/profile/13882439837604827576noreply@blogger.comtag:blogger.com,1999:blog-361824526868946733.post-40731372902192927602010-02-06T10:10:42.062-07:002010-02-06T10:10:42.062-07:00This isn't rocket science. You can't conti...This isn't rocket science. You can't continue to spend money that you're not bringing in. You can't dip into your savings to "support" your spending habits because you'll eventually run out of money. <br /><br />You don't need a college degree to understand this. <br /><br />This is common sense, isn't it?<br /><br />Thanks for posting this article Art!<br /Anonymousnoreply@blogger.com