As Congress struggles to pass a national budget, a similar budgeting nightmare is being played out in Ventura.
In Ventura’s case, a budget has been proposed and approved. The only problem? The budget is pure fiction, according to City Councilmember Neal Andrews.
In this fiscal year, Ventura will run a budget deficit of $1.6 million. The City has run budget deficits for the preceding 4 years ranging from a loss of half a million dollars to a loss of $11.4 million—cumulatively $21.6 million.
Joining me to explain the budget deficit is Bob McCord.
The depletion of $7.7 million from the City of Ventura’s Contingency Fund is one of the most under reported examples of “creative” accounting to mislead Ventura’s elected officials and citizens that has come to light. Listen as I lay out the size and scope of the problem on The Lyn Fairly and Fabulous Friends radio show.
Here is the lineup of guests for Guests For October 5, 2013
My guests this week are Bob McCord, founding member of VREG, talking about Ventura's budget woes; healthcare expert Sally Pipes exposing the flaws of Obamacare as the Insurance Exchanges open for business; and Stuart Crain, CEO of TVTalk discussing how his app will revolutionize television viewing. Read More