Fitch Downgrades Scottsdale, AZ IDR, Excise Tax Revs to ‘AA+’ from ‘AAA’; GOs Affirmed at ‘AAA’

The downgrade of Scottsdale’s IDR [Issuer Default Rating] to ‘AA+’ from ‘AAA’ is due to concern that the city’s financial resilience cushion, combined with its constrained independent revenue-raising ability, increase its vulnerability to periodic downturns given the heavy dependence on economically sensitive revenues… — Read on www.fitchratings.com/research/us-public-finance/fitch-downgrades-scottsdale-az-idr-excise-tax-revs-to-aa-from-aaa-gos-affirmed-at-aaa-13-05-2020

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Norton’s Big Lies

Mike Norton just can’t help himself. Setting aside the Scottsdale Unified School District budget override for a later discussion, Norton could have just silently savored the Scottsdale city bond election ‘victory,’ and parlayed his big success into the relevance he desperately craves. Instead, he continues to lie, to inflate his own role, and to celebrate […]

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Balanced coverage?

Just like with the Scottsdale Independent a few years ago, I had high hopes for the renewed Scottsdale Progress newspaper. The original Scottsdale Progress, under editor and publisher Jonathan Marshall, did great things for our community. In fact, Marshall and his crew had significant impact on state law affecting, among other things, government open meeting […]

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Quote of the Day: Curmudgeon

I have been called a curmudgeon, which my obsolescent dictionary defines as a “surly, ill-mannered, bad-tempered fellow.” … Nowadays, ‘curmudgeon’ is likely to refer to anyone who hates hypocrisy, cant, sham, dogmatic ideologies, the pretenses and evasions of euphemism, and has the nerve to point out unpleasant facts and takes the trouble to impale these […]

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“A city government exists only for the purpose of…”

During a refreshing, unplanned visit to the Phoenix North Mountain Visitor Center, I saw on display this letter to the residents of the Sunnyslope area, sent to them upon annexation of the area into the City of Phoenix. It says, in part, A city government exists only for the purpose of performing necessary municipal services for […]

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