Thursday, November 19, 2009

November 19, 2009 City of Morristown and the FY 2008 Audit: Stay Tuned

City leaders are offended when financial responsibility--or their lack thereof--is mentioned.  They blame "the economy." Certainly, the overall economic outlook today is not good. However, the city's mismanagement and wasteful spending sprees that have driven it into virtual crisis-mode go back to pre-bailout times.

Some readers may recall a headline in the local paper a few years back about the city's $100 Million dollar "wish list"?

In the upcoming days, there will posts on the city's 2008 audit and discussion of why the word "bankrupt" has been mentioned.

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