Carlsbadistan doesn’t have a usable skateboard park or a new swimming pool, but Carlsbad City Council is proud to announce that the City has ended the fiscal year “in the black,” according to a Barbara Henry story in the North County Times.
And it added about $1.5 million to its reserves, according to the city finance department’s year-end financial assessment. The fiscal year ended June 30. . . . Falling sales tax revenue and other recession-related problems have hammered most California cities in recent months. Even well-off places like Carlsbad have experienced first-hand a decline in everything from automobile sales to home construction.
But we’ve got Lisa Irvine at the controls, so we don’t worry.
[Link: North County Times]
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This is incredibly great news – that Carlsbad is managed well enough to actually spend less than it takes in. Maybe the rest of the state can take some lessons from Carlsbadistan?