Why is the city borrowing more money? - News Summed Up

Why is the city borrowing more money?


The Sun article, Flagstaff City Council postpones bond decisions but moves toward housing, 3/5/20, left out a critically important statement by city manager Greg Clifton during the council discussion. It’s going the other direction.”This means all city divisions are already over budget. All city divisions are already in the red. All city divisions are already discussing cuts. The city owes $112 million, and this figure increases $8 million a year.


Source: Daily Sun March 16, 2020 20:15 UTC



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