Beginning in 1789, America’s Constitutional form of limited governing took effect. As our new country became established, its authority was limited, as was its revenue – due to its meager tariff-based revenue – so if there was debt back then, it was minor and of brief duration.
COLQUHOUN: Where’s The Missing Debt?
The Debt Service section of the City of Nashua’s FY2027 Budget raises serious concerns about transparency and accountability. When residents review a city budget, they reasonably expect to see a complete and accurate picture of the debt obligations for which Nashua taxpayers are ultimately responsible. Unfortunately, the FY2027 presentation does not meet that standard. On … Read more