Letter to the Editor: Vote Yes on Proposition 1 to keep our balance sheet strong

Letter to the Editor: Vote Yes on Proposition 1 to keep our balance sheet strong

To the Editor:I’m supporting Proposition 1 because it will keep Lake Forest Park’s balance sheet strong. I am a CPA and my job is to manage the finances for another city, so I know how important it is to maintain a strong balance sheet. The bottom line is the city’s annual income is less than its annual spending, even after reducing the budget and deferring maintenance. Using the city’s reserves to balance the budget would simply push the proble…