In this economic environment, if a business with a $718,215 operating deficit and no reserves asked a bank for a $2-million bailout package, the response would be a predictable one: “no.”
But in the world of Burbank municipal business, the answer is always “yes.” Running low on water service revenues? Raise the rates. Constructing a new building that is more expensive than planned? Withdraw more money.
Can’t run an enterprise business after blowing through more than $2 million in loaned assistance? No matter. As long as it doesn’t impact seniors, youth or other public services that typically take the brunt of budget cuts, the piggy bank at City Hall is always open.