Any beginner financial analyst is taught there are no financial projections that are accurate 10 years out. Accuracy three years out is hazy. Yet, amazingly, and as if by magic, Fountain Hills comes up with a shortfall of $64 million over the next 10 years. That seems to be a fictitious number. Why? Because the town is asking for $70 million over the next 10 years.
You will be voting against or for $7 million per year forever; think about that forever.
There are no free lunches. Yet, Fountain Hills’ town council wants its own free pass, a free lunch, a handout to the council for its repetitive errors; errors and mistakes, overpaying, wasteful spending.
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I am anchor
Hazy
Posted
David Adler
Any beginner financial analyst is taught there are no financial projections that are accurate 10 years out. Accuracy three years out is hazy. Yet, amazingly, and as if by magic, Fountain Hills comes up with a shortfall of $64 million over the next 10 years. That seems to be a fictitious number. Why? Because the town is asking for $70 million over the next 10 years.
You will be voting against or for $7 million per year forever; think about that forever.
There are no free lunches. Yet, Fountain Hills’ town council wants its own free pass, a free lunch, a handout to the council for its repetitive errors; errors and mistakes, overpaying, wasteful spending.
Comparing Fountain Hills with a population of 25,000 to Scottsdale, with a population of 350,000, is unfair. Conveniently weighted averages are not used in comparisons; yielding false conclusions.
The Fountain Hills town council noes not admit to correct arithmetic. Most fourth grade school students recognize the town’s rounding-up error.
Voters have indicated they want small-town ambiance, small budget spending and, most importantly, small town government; not ego builders of ugly pyramids to their self-imported self-acclaim.
From the grapevine: Jonathan, Scarlet and Mickey Mouse are all voting a resounding, overwhelming no on May 15. Do not be fooled. Vote No.
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