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Relevant: * The Real Reason Your City Has No Money — Strong Towns || https://www.strongtowns.org/journal/2017/1/9/the-real-reason-your-city-has-no-money https:

Relevant: * The Real Reason Your City Has No Money — Strong Towns || https://www.strongtowns.org/journal/2017/1/9/the-real-reason-your-city-has-no-money https://www.strongtowns.org/journal/2017/1/9/the-real-reason... * Why Many Cities Have No Money | Hacker News || https://news.ycombinator.com/item?id=13370310 https://news.ycombinator.com/item?id=13370310

CountSessine 10y ago
Strong towns makes a compelling argument that the reason we've invested so poorly in infrastructure that we can't possibly hope to maintain is that we don't conduct government business using accrual accounting. I wonder - do local governments anywhere use accrual accounting? It would be so much harder for government to spend money we don't have with good accounting practices in place, which leads me to believe that this is uncommon.