Subject: No Five-Year Operating Budget and Capital Budget Forecast – WHY?
For well over a decade every fall the City Manager has produced a five-year forecast on revenues and estimated operational expenses and capital improvement expenses, as well as analysis of underlying trends. This year, to the best of VBTA’s knowledge, no such report and briefing was forthcoming. VBTA request a reply as to why no such report and/or briefing was made to City Council this year? VBTA request that City Council’s reply address whether a five-year forecast document in support of the 2006-2007 Operating and Capital Improvement budgets will be produced. VBTA requests that City Council’s reply address if City Council has received information historically contained in the annual five-year forecast by other means. If the latter is true, VBTA request that information be shared with VBTA at the following address:
Mr. John Moss, VBTA Chairman
4109 Richardson Road
Virginia Beach, VA 23455
If a five-year forecast is not being produced as a consolidated document or as a family of documents issued in a serial or parallel fashion, VBTA request a reply from City Council to share the analytic foundation the City Manager will rely upon in building his recommended budget. The ordinance adopted by City Council as sponsored by Council member Schmidt compliments rather than supplants the traditional five-year forecast.
If the annual calendar year 2005 generated five year forecast has been produced, its existence has escaped VBTA’s radar, and VBTA kindly request that a copy be provided for our dissemination.
The residents of Virginia Beach are truly great and resourceful; by working together, we can build a government worthy of their trust and deliver government outcomes of high value worthy of the sacrifices families make to pay the burden of local government. VBTA knows each City Council member shares with VBTA the mutual goals of more effective, more efficient, and more accountable delivery of government services and expansion of personal liberties and wealth.