Thursday, 06 June 2013
Many years ago, when Macon County had amassed an immense Fund Balance, it was claimed that we benefitted by all the interest that the county was earning. That was an excuse, not a reason.
At the time, the county was not chartered as a bank or a money market manager. It was not their job then to sit on the peoples’ money, and it still isn’t. And, as we all know, interest earnings are nearly insignificant, so that excuse is out the window.
In an article appearing in one of the area’s newspapers on May 8, Commissioner Ronnie Beale was quoted as saying, “I’m very proud of our fund balance. It gives us latitude. It’s not just like Monopoly money.” While I have no idea what the reference to Monopoly money means, I get the shivers when I hear an influential commissioner saying, “It gives us latitude.”