-------- Original Message --------
Subject: Re: Austin's debt, per capita
Date: Wed, 29 Jun 2011 11:34:07 -0500
From: JJack
To: Gardner Selby <wgselby@statesman.com>

...  If a business entity has a cost increase it passes that cost along to the consumer.  in the same way revenue bonds, though not going through the general fund, increase the cost indirectly through higher utility rates, user fees and the like, it all adds up.  Leaving this out is sort of like Enron accounting, only putting on your books what can be spun as a positive and leaving the indirect or "toxic" assets out of the financial equations that is spun to show a positive situation instead of the real circumstances.  It is the total cost that must be considered not just one silo or another.  Keep trying but the fact is that Austin is the most costly city in Texas to live in, IMHO.