No. Long-term capital leases are a financing tool, not a budget tool. The budget issue is not how to finance expenditures. Budgets are a tool…
No, a cap adjustment would be a poor solution. We have cap adjustments for emergencies, disasters, and wildfires. They share something in common — they…
Because capital projects compete directly with operating expenses for funding under the discretionary caps, and there is no adjustment mechanism to address spikes in capital…