Frank Smith Says NB: Finance Director Curry no longer with the City

Tuesday, April 17, 2012

Finance Director Curry no longer with the City

7 comments:

Anonymous said...: Make a pact with the devil and you will get shafted.; April 17, 2012 at 5:16 PM
Anonymous said...: I must agree. Curry and Stewart never really got along. Not to mention that Curry made an admitted budgetary blunder and fumbled the budget the year before last. He should have been let go then. In comes dumb and dumber and Bob bitched about his old boss only to have his brain picked and then gets ousted. What did Bob expect for the democrats to be loyal to him and keep him? Never. Stewart hired him. Best wishes to Bob. I think he needs a big rest from the stress of his job. Quite a few very nice employees in the finance department. I really hope they are ok.

And what is a structural deficit? Who created that term? Are we going to fail to meet payroll and if so, when? We are handing out raises at the same time. Just can't figure this all out.; April 17, 2012 at 6:06 PM
Anonymous said...: I wonder who Sherwood will hire to replace Curry? Make no mistake about it, this is Sherwood's decision and I would doubt that O'Brien would even be told who the replacement is until he happens to bump into Sherwood's new director after he starts work.; April 17, 2012 at 7:08 PM
Anonymous said...: I wonder who Sherwood will hire to replace Curry? Make no mistake about it, this is Sherwood's decision and I would doubt that O'Brien would even be told who the replacement is until he happens to bump into Sherwood's new director after he starts work.; April 17, 2012 at 7:08 PM
Anonymous said...: Anonymous said...

WHAT IS A STRUCTURAL DEFICIT....

A structural deficit happens when tax receipts are so out of balance that a country (or state, or municipality, etc.) will post a deficit regardless of how well the economy is doing.

In a strong economy, revenues (tax receipts, etc) rise due to increased economic activity (more jobs, more spending, etc). With a structural deficit, the strength of the economy is irrelevant - a deficit will happen and be posted regardless.

How do state's and/or municipality get rid of structural deficits?

1. Cut spending.

2. Raise revenues (usually through tax increases).

3. Neither of these two options are not too appealing for politicians, which is why many structural deficits continue to linger and linger.

Deficits can lead to increased debt loads, which in turn lead to even higher deficits (due to the interest paid on the debt that is outstanding).; April 18, 2012 at 9:59 AM
Anonymous said...: Google Search & Wikipedia - the questions how government policies & politicans control spending by raising taxes & Structural Surplus?

1. Structural Deficit.

2. Structural Deficit Definition.

3. Structural Deficit formula.

4. Structural Deficit Graph.

5. The opposite of a Structural Deficit is a Structural Surplus.; April 18, 2012 at 10:25 AM
Anonymous said...: Does this mean the 10 democrat aldermen/women that voted for this same budget will be asked to leave? While we can only hope just imagine who will take their places.; April 19, 2012 at 5:59 AM

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