1/28/1981 - Laserfiche WebLink

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JAN 28 1991 1 aoox ` 45'PnF 6$6 COMMISSIONER FLETCHER STATED THAT THIS MOTION CONSTITUTES AN ACTION WHICH IS DEFICIT SPENDING, AND IN HIS OPINION, THIS BOARD NEEDS TO REFRAIN FROM, ESPECIALLY IN THESE ECONOMIC TIMES, BORROWING FROM TOMORROW TO PAY FOR YESTERDAY. CHAIRMAN LYONS COMMENTED THAT HE DID NOT QUITE UNDERSTAND HIS STATEMENT AND ASKED HIM TO BE MORE SPECIFIC. HE DID NOT THINK THE BOARD INVOLVED ITSELF IN DEFICIT SPENDING. COMMISSIONER FLETCHER POINTED OUT THAT IT WAS A WORD GAME, BUT WHEN YOU BORROW MONEY FOR CAPITAL EXPENDITURES THAT YOU DON'T HAVE, HE CALLED IT SPENDING MONEY THAT YOU DON T HAVE, ATTORNEY COLLINS NOTED THIS MONEY WAS REVENUE BOND ISSUES SECURED BY THE FUTURE REVENUES OF THE NORTH COUNTY WATER AND SEWER SYSTEM. THE CHAIRMAN REITREATED THAT, IN OTHER WORDS, COMMISSIONER FLETCHER WOULD NOT SPEND ANY MONEY BASED ON FUTURE REVENUES. COMMISSIONER FLETCHER STATED THAT HE WOULD SPEND NO MONEY BASED ON THAT, UNLESS THEY HAD THE MONEY IN HAND. A DISCUSSION CONTINUED ABOUT COMMISSIONER FLETCHER'S PHILOSOPHY AS OPPOSED TO COMMON BUSINESS PRACTICE. COMMISSIONER FLETCHER DID NOT BELIEVE THOSE PEOPLE ARE AWARE THAT THEY ARE GOING TO BE PAYING, OR THEY WERE AWARE OF THE SIZE AND THE AMOUNT OF MONEY THEY ARE PAYING FOR. HE DID NOT BELIEVE THEY WERE AWARE THEY WERE JUMPING ON A TOLL ROAD THAT WILL NEVER BE PAID FOR. CHAIRMAN LYONS WANTED TO GET THE MATTER STRAIGHT - THIS WAS A COMMON BUSINESS PRACTICE. HE THEN ASKED HOW HE THOUGHT THE AVERAGE BUSINESS PUTS TOGETHER ITS CAPITAL ITEMS - BY STOCKS AND BOND ISSUES AND BY BORROWING MONEY AGAINST ITS FUTURE INCOME. COMMISSIONER FLETCHER STATED THAT IT WAS'HIS OPINION THAT THIS WAS A COMMON BUSINESS PRACTICE THAT WOULD BRING THIS ECONOMY TO ITS KNEES.' CHAIRMAN LYONS REITERATED THAT, IN OTHER WORDS, COMMISSIONER FLETCHER DID NOT FEEL THAT BUSINESS SHOULD BUY ANY CAPITAL GOODS