KNOX: Budget Transparency
I am committed to a budgeting process that is both open and details programmatic costs. Philadelphians deserve to know how much municipal initiatives cost and, above all, City Hall has an obligation to be open, honest, and accountable about how it spends money.
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He needs to be more specific about how he will present the budget items so that they can be understood. I would hope his experience in finance would help lower financing costs and raise returns and present the budget in a format that meets the standards of private business.
I’d like to see the debt policy laid out. This is a place to be suspicious. Street had the theme in his first campaign that he knew budgets and would be a fiscally responsible mayor. However, when one adds the bonds issued to the reduction in the cumulative surplus, Street has been the most profligate mayor since Rizzo while driving jobs and people from the city.
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