Money management |

Money management

Most people nod off when the subject is money management, but at its most basic, you either pay as you go (sustainable economics) or borrow off the future (growth-based economics). This holds true whether it’s credit cards and sub-prime mortgages, or city, county, state and federal financial planning.

A recent The Union article (May 31) mentioning Grass Valley’s “expected declines in property … tax revenue” should have said ‘expected decline in growth of’ as the properties are still here, producing revenue, just not producing increased revenue from being subdivided.

Citrus Heights “holds expenditures far below general fund revenues, putting the extra money in reserve” and “the general fund cushion will reach $35 million,” a sustainable model (Sacramento Bee, May 13).

Roseville counts on property and sales tax growth to pay for government and acquired debt. With construction down, Roseville’s treasurer says, “We’re not adding a lot of staff. There are some posts that we probably won’t fill” (Bee article) but he’s optimistic because new homes are being built.

Will Grass Valley adopt a Citrus Heights “pay to grow” system or Roseville’s “grow to pay” financial planning?

Or, put another way, do we “Roseville” Grass Valley finances?

Terry Lamphier

Grass Valley

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