Boca has a Long-Range Financial Plan

Why can’t Coral Gables, City Beautiful, with its top-notch city manager, well-educated citizenry, with a world class university in our midst, prepare a long-range financial plan like that of Boca Raton.  I cannot judge the details of the plan, but it seems like a wonderful instrument to incorporate citizen participation and understanding of Coral Gables’ many financial issues.  It would provide a forum for an open and active review of the future of the city, rather than the annual hit-or-miss treatment of taxes, fees and spending.

The Long-Range Financial Plan of the City of Boca Raton is described as follows:

This Plan provides us with an opportunity to evaluate current policies and practices in order to  implement proactive strategies before critical fiscal strains impact the budget. The best informed, fiscally sensitive decisions will be those deliberated with their longer-term implications in mind. To that end, we annually update the Plan for the City Council.

We look forward to the day that the city of Coral Gables is capable of formulating an in depth long-range financial plan for plain view of all citizens.  Read some of the plan and you will be amazed that Boca Raton was sitting on $50 million in reserves at one time and has $10 million in hurricane response reserves!

About Stephen E. McGaughey
Resident of the City of Coral Gables

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