Short-sighted for the short term
Renting money by bonding
Update: CalPers announced that their portfolio increased 13% during the first six months of this fiscal years. That's a lot like a gambler cheering when he hits one slot machine jackpot -- after losing his last two paychecks.
If by magic
Adding it up
Update: the recent audit indicates that we spent a few million dollars less than we took in. Pundits are suggesting giving raises to City Employees, hoping we assume, that the surpluses will continue. That way the raises will be funded by the City's surpluses.