Wednesday, January 25, 2023

Do you want to know more about Metro's Financial Condition?

by Rod Williams, Jan. 25, 2023- If you want to have a better understanding of Metro's finances and the financial state of our city, you really need to read the Popular Annual Financial Report (PAFR) for the Metropolitan Government of Nashville and Davidson County (Metro) for Fiscal Year 2022

At only 20 pages long it is short and is a quick summary of Metro's finances. It covers the fiscal year of July 1, 2021, to June 30, 2022. This report, unlike the 500-page Annual Comprehensive Financial Report (ACFR), is easy to understand. This report makes Metro's finances comprehensible for the average person or reasonable intelligence.  You do not have to be an accountant to understand it. 

Be aware, however, that it is PR and makes everything sound rosy. It does not reveal the negatives. It tells you how much more we are spending on things like schools and sidewalks but does not tell you our schools, for the most part, are failing and that the city tries its best to stifle education excellence and innovation. Neither does it tell you that despite spending a lot on sidewalks, we get very few new sidewalks. 

It shows that our tax rate is lower than other large cities in Tennessee. It does not tell you that due to higher property values in Nashville, the person living in Nashville pays more in property taxes than the person living in one of Tennessee's other large cities living in a comparable neighborhood in a comparable house.  Read the report but don't be snowed.

Anyone who is thinking about running for Metro Council really needs to read this report. 

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