Quote:
Originally Posted by dave603
Not really,
There was $177K or so in the fund
They just said they would make up the missing $63K out of that fund.
How are they making up that?
"I'm not sure how anyone can misunderstand the facts. They are pretty simple."
Yeah it is simple, they lost more money! And don't have a way to make it up.
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AGAIN: Taxpayers are not on the hook. It is a separate segregated account that NO CITY MONEY has, or will, go into or out of. We know it, the Mayor said so, and it is factually correct. That is how it works. They are making the loss up from future vendor fees and Bike Week income. If you don't understand how it works you probably should not continue to post factually incorrect information until you do.
Sorry you can't understand it and insist on claiming that the taxpayers are on the hook. They are not.
Plain and simple: You are wrong!