Is a street an asset?
Current accounting practices do not bear any relation to the future cash flow or the actual financial health of the city. When cities take on obligations, they should be properly accounted for as liabilities, not assets.
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Charles Marohn
Friday News Digest
I am home from steamy Lafayette – which they claim was rather mild for August – and ready to report that the trip was a success. Like every local government, there are a lot of challenges, but this is a place doing more right than wrong and truly is asking a lot of hard questions. We made a lot of progress and it looks like Joe Minicozzi and I will be headed back later this year to follow up. Can’t wait. In the meantime, I’ve been so immersed in Lafayette that I feel way behind on the news (and my sleep) so this week is going to be a short version of the news digest.
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Charles Marohn
#DOTHEMATH Lafayette
This week I’m on the road in Lafayette, Louisiana, with my good friend and frequent collaborator, Joe Minicozzi. For this Minnesotan, where anything over 80 degrees is starting to get uncomfortably warm, this promises to be an interesting week. Let me fill you in on what we are attempting to do.
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Charles Marohn