Burien annexation costs not counted
According to the June 27 Times/News, the new Berk & Associates financial analysis program will enable our Council to make realistic financial projections regarding annexation. Let me hasten to throw cold water on that notion: it will not do any such thing.
This program is flawed in the same way that the prior Burien budget analysis was flawed. It omits the Capital Budget. The budget is the sum of two roughly equal components, the General Fund and the Capital Fund.
Projected budget deficits for annexation reside largely (90 percent) in the Capital Fund.