turns out it was just expensive. Another story about another city that enjoyed “growth” but has now found out that it comes with a big price tag when the music stops. From the Herald Leader:
Richmond had $3.2 million deficit in 2009, audit says
The city of Richmond had a deficit of more than $3 million for the fiscal year ending June 30, 2009, according to an audit released Wednesday.
With nearly 33,000 residents, Richmond is Kentucky’s sixth largest city, according to figures from 2008. Its relatively rapid growth was a contributing factor in its current budget problems, the audit says.
“The city has been in a period of addressing the future needs of the city to meet the demands of growth,” the audit says. “This necessitated the purchase of vehicles, purchase of property and the construction of buildings to meet those needs.”