Quote:
Originally Posted by Goldwingnut
Give me a day or two to glean some additional information and I’ll go over some of the issues. There is one point you are wrong on, the State of Florida requires all government entities to have a balanced budget, so there is no deficit spending in the CDD budgets.
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"Deficit spending" might be the wrong terminology. I was at a hearing and they were discussing a budget item (I don't recall what it was) that I would have considered "expense". In order to balance the budget (or make the line item seem less imposing) they were going to "borrow" and reclassify the "expense" as CapX "investment".