3 August 2004
Pennies pinched, no waiting
The city of Kingfisher, thirty miles from northwest Oklahoma City, has been in a financial bind; its accumulated deficit had grown to nearly $1 million, a lot of debt for a city of four thousand people. "We would have found ourselves bankrupt in 18 months," says City Manager Doug Enevoldsen.
They're not out of the woods yet, but fiscal year 2004 ended with a surplus of $193,000 following Enevoldsen's austerity program.
Perhaps ironically, Enevoldsen himself owes his position to budget cuts: he was let go from the Department of Tourism last year as part of the state's austerity program.
I mention this because, well, I have this weird idea that governmental units should not spend more than they can reasonably expect to receive.Posted at 8:03 AM to Soonerland