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JSPayne

  • Karma: +0/-0
Could govt-run munis be next?
« on: January 17, 2008, 01:55:22 PM »
IMO, should this actually come to pass, it would be a sad sad day for California. Gov. Schwarzenegger wants to shut down numerous state parks including memorable personal parks for me....Sutter's Fort, Montana De Oro, Fort Ord Dunes.

Is this just a short step away from closing down munis? We all know they are usually more of a burden than a cash cow...

Links to the SFGate article:
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2008/01/17/MN5TUF5D3.DTL

And a map of proposed park closures:
http://govbud.dof.ca.gov/BudgetSummary/ImagePages/FG-RES-01.html
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"To be nobody but yourself in a world which is doing it's best, night and day, to make you everybody else means to fight the hardest battle any human being can fight; and never stop fighting." -E.E. Cummings

Craig Sweet

  • Karma: +0/-0
Re:Could govt-run munis be next?
« Reply #1 on: January 17, 2008, 02:14:13 PM »
That link takes me nowhere...however...if he's proposing the closures based on costs, then I understand...typically parks are expensive to maintain, and do not generate the revenue needed to maintain...muni golf on the other hand generally generates a net profit.
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No one is above the law. LOCK HIM UP!!!

Garland Bayley

  • Karma: +0/-0
Re:Could govt-run munis be next?
« Reply #2 on: January 17, 2008, 02:15:01 PM »
Quote from: JSPayne on January 17, 2008, 01:55:22 PM
IMO, should this actually come to pass, it would be a sad sad day for California. Gov. Schwarzenegger wants to shut down numerous state parks including memorable personal parks for me....Sutter's Fort, Montana De Oro, Fort Ord Dunes.

Is this just a short step away from closing down munis? We all know they are usually more of a burden than a cash cow...

Links to the SFGate article:
SFGate article

And a map of proposed park closures:
http://govbud.dof.ca.gov/BudgetSummary/ImagePages/FG-RES-01.html
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"I enjoy a course where the challenges are contained WITHIN it, and recovery is part of the game  not a course where the challenge is to stay ON it." Jeff Warne

Bob_Huntley

  • Karma: +0/-0
Re:Could govt-run munis be next?
« Reply #3 on: January 17, 2008, 02:24:19 PM »
I must say I thought you were referring to the Sub-Prime debacle and what would happen to those Municipal Bonds that are rated AAA because of the the possible loss of their  insurance coverage by MBIA and AMBAC.

Something like that happening would really give Governor Schwarzenneger a headache.

Bob
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