San Jose's budget practices involve encumbering projected expenses, trapping hundreds of millions in unspent funds that could otherwise improve city services or pay down debt. Every year, as the city manager releases a proposed budget predicting a nearly empty general fund, the City Council and mayor cannot redirect these 'encumbered' funds for more pressing needs. This strategy distracts the public and fails to comply with Generally Accepted Accounting Principles, creating a decade of negative impact on the community's economic and service vitality.
San Jose's budget trickery, marked by the use of 'encumbered' funds, prevents vital investments in city services and improvements, impacting residents and businesses for a decade.
The city practices an accounting gimmick where taxpayer money is dedicated to projected expenses, rendering it off-limits even if unspent, which contradicts national financial reporting standards.
The annual budget process becomes a distraction for citizens, as the proposed budget warns of a nearly empty general fund, masking the reality of unspent funds.
Discussions on unmet needs and unachieved projects are sidelined, leaving city officials and residents unaware of available resources to address pressing matters.
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