Why does city have surplus?
Joan Hawbaker, Minot
Dear City Council:
Would you please answer me why we have a “budgeted surplus” for 2013 of $100,674,779 when just four years ago, we had a surplus of only $15,585,097? Even with the flood two years ago, which seemed to be so expensive for the city, how only two years later do we have over five times the amount in surplus that we had the year before?
I am serious. I’d like an answer because with a budget of $77,278,486 for the year and revenue brought in is $177,953,265, I just see no need for a tax increase.