In less time than it takes to say “Holy overdrawn bank account Batman,” Annapolis City has once again increased their proposed budget.
At the State of the City Address, Mayor Cohen announced a 7.6% increase over last year’s budget. For those who are able to do the math, that increased a $75.2 million budget to $80.9 million.
So far, so good. But then, the Mayor explained that the new Finance Director, Bruce Miller, wanted to do things differently this year with a ” new accounting method ” and that really $80.9 million was $86.2 million. And for the most part, people accepted that.
But in today’s Capital , Rhonda Wardlaw, the City’s digital media and marketing coordinator announced that $86.2 million is now really $92.6 million. Is anyone following this?
$92.6 million is a 23.14% increase!
OK, they claim the recession is over and the economy is on the mend. But certainly not to the tune of 23%. What does the City of Annapolis plan to do with an additional $17.4 million? And more importantly, where are they going to get it?