Many of the sorry legacies of the Shenanigan Years are still very much with us, and are no longer being kicked down the road. Mostly because the city can't do that any more. The prospect of an eventual insolvency is a real one. The result of all this is a whole lot of sticker shock. That plus you do need to wonder where it is all going to come from. Here is how one commenter summed it all up.
If you want to start attaching some real numbers to all of this, try $9 million for the Library, $5 million for a CalPERS prepayment, and $6.5 million to repair leaky pipes. All up for grabs this month. That is $20 million plus a few dollars just to start. Feel free to add in the rest yourself if you like.
And look, even the warrants are way over a million dollars for tomorrow night. Since after all this heavy lifting the City Council is taking off August to rest, they need to anticipate paying those bills as well.
So how are they going to pay for all of this? Unfortunately it looks like the City Council is getting ready to green light every development project that comes before them. Including the rest of One Carter and the Monastery.
After all, paying off the financial legacies of the 2002/2004 City Councils is going to take just about everything this city has left. As was alluded to in this comment:
Just about everything would be my guess. It is their legacy.