Why Coral Gables’ Refinancing and Capital Spending Decision Is Not Urgent–What Happened To Community Participation and Consultation?

The city manager of Coral Gables had a few cards up his sleeve, so to say, at the last meeting and he sold the commission on three bad ideas.

First, he said that it is urgent to refinance the city’s debt.  I take it that this is because he believes that interest rates will soon rise.  I guess he believes in that there is inflation at our doorsteps.

The economic facts don’t justify that view in the slightest.  Our economy is growing slower than thought, the Chinese are dampending their growth, Japan is stagnant and Europe, except for Germany, Europe is weak.  Inflation is a recent blip in energy and some materials caused pay political uncertainty in the Middle East.  The Fed has announced that it will continue with its low interest rate policy. There is at least one banker on the commission–he should have known better.

Conclusion:  It is not urgent to refinance without first thinking a bit more about the use of the monies and consulting with the citizenry.

Second, he sold the commission on the idea that the $22 million from the refinancing is free–but it will cost about $35 million.  He says we won’t spend more on debt financing than we are paying now.  That is wrong.  By refinancing existing debt we should spend less, not more.

Conclusion:  Refinancing of existing debt would reduce the amount we pay on the current debt and free up money for other purposes.

Third, the city manager has sold the commission on the idea that he has come up with a good list of capital projects.  But the city manager admitted that he had concocted this list pretty much on his own without community participation, and the new mayor and commissioner apparently did a sort of “shoe leather” test of what we need.  Shouldn’t a new, large spending program be consulted with the taxpayers.

Conclusion: What happened to open government, invited and active consultation and participation–on these terms, the new mayor’s and the commissioners’ campaign promises stand out as pure fiction.

Investiture In Coral Gables: By Invitation Only

As a failed observer of the investiture of the new mayor and commissioners, clearly due to the size of the commission room, there was no space for but a few others than the friends of the mayors and commissioners. People crowded into the room and it seemed they clearly exceeded the fire marshall limits (limits that Mr. Slesnick always used to clear the room).

Why not use the museum space for these sorts of public events to get more direct community participation or even an auditorium at UM.

This de facto invitation-only  event is evidence that community participation is the last thing that our commissioners and recent past mayor think about.  Hoping this anti-participation culture will change in the coming weeks and months.

Values of the City of Coral Gables

Today I was reminded by the program handout  the Investiture Ceremony of the essential list our city government’s values.

They are:

Accessibility

Accountability

Competency

Dedication

Innovation

Integrity

Loyalty

Responsiveness

Missing, I think, are Community Participation, Transparency and Openness.