« Arlington County's Latest Effort to Waste Your Taxes | Main | Arlington's Elite Experiment with Taxpayers' Money »

Arlington County and Newport News: Two of a Kind

City poohbahs in Newport News are looking to borrow $55 million to help build a conference center and parking garage. Unfortunately, according to today's Newport News Daily Press, that debt could push the city further into debt than their budget guidelines recommend. Not to worry says their city manager who "expects things to go well. He characterized the report as one that overemphasized potential expenses and underplayed potential revenues to show Newport News' financial strength to analysts." Gee, that sounds much like Arlington County's grand poohbahs, according to a story about Arlington County's debt levels in this week's Arlington Sun-Gazette. In this story, "County officials told Civic Federation members that all their projections are based on conservative estimates." Take your choice: 'two of a kind' or 'birds of a feather flock together.'

TrackBack

TrackBack URL for this entry:
http://acta.us/growls-mt/mt-tb.fcgi/184