Guest writer was wrong about Izzy |

Guest writer was wrong about Izzy

Once again I read misinformation in a The Union guest editorial, this time from a writer on Saturday, Aug. 3.

The fact is that Supervisor Elizabeth (Izzy) Martin was a leader in the effort to reform the county budget process and finance strategy as a member of the County Budget Committee for three years. During her three years of work on this committee, which spanned the terms of three County Chief Executive Officers, she began a process of carefully examining our investments, revenues and Nevada County’s institutional debt profiles.

Izzy led the effort to reduce our interest payments on our long-term debt, including initiating the effort to improve our credit rating. Izzy also serves on the Wildwood Estates work-out subcommittee, which has played a crucial role in improving our credit rating. If your credit rating improves, your interest payments can be reduced. Through this work, the Board of Supervisors and county executive officer saved the taxpayers a million dollars a year for 20 years.

There is no doubt that the auditor and county staff, and the full Board of Supervisors, played an important role in this overall savings. However, anyone who attended a budget hearing or public discussion of our financial and management audit results would know the leadership role that Izzy has played. The writer has never previously shared his views with the full Board of Supervisors during any of the many hours of public hearings on these subjects.

When Izzy was elected, our county’s finances were in distressed shape – with the credit rating of a junk bond and almost no rainy day reserves. Today we have a healthy reserve, a balanced budget, and an improved credit rating.

It is absurd to not give Izzy, and her fellow board members, the credit that is due.

The Union has given publicity to a writer who did not get the facts right. I invite taxpayers interested in learning the real truth to these issues to read the minutes of these various hearings on the county’s Web site,

Dennis Cassella

2002-2003 budget subcommittee chairman

Grass Valley

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