Lenoir City, TN
Apr 19, 2008
$10 Million of Debt Approved by the Lenoir City Council
Remember when Lenoir City passed its budget for this fiscal year? Mayor Matt Brookshire boasted: "For the fifth straight year we have a truly balanced budget." But politicians sometimes speak a different language than the rest of us.Lenoir City Council voted Monday to incur debt up to $10-million for several public work projects including a new city and fire hall, flood mitigation, line flow improvements, fire hydrants, improvement of the storm water system and other water projects.This was what could be called "a truly balanced budget on paper". That's when you delete necessary spending items to make it look balanced. (The city has known about the needed fire plug repairs since Jan, 2005.)The city did the same thing on the previous fiscal year's budget - balancing it by removing a new garbage truck from it, then buying the truck anyway.
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