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I'm away on business, but you're in good hands!

Hi Friends! I'm in Columbus, Ohio on a work trip this week (we're looking at ways the city might be able to use their low cost of capital to finance affordable housing projects without tapping into scarce federal resources, if it's of any interest), so unfortunately don't have a whole lot of updates for you. The one thing I want to plug is The Kirkwood Ledger's latest analysis (and the publication's first look at Kirkwood Electric). The thesis of the piece? $15.6 million doesn’t explain what happened to the utility. As the piece goes on to explain, that number is a sort of a Frankenstein's monster of accounting methodologies, is potentially a several million dollar underestimate of the deficit the utility inccured, and, perhaps worst of all, fails to illuminate what the actual cause of the overspending was. I can't say it strongly enough: Read Taylor! We gotta get this guy to do some NPV buy/sell analysis on the city owned parking lots... That's all for this week! Mike Mattingly performing at Tunes at 10 Saturday morning! Have a great weekend, everyone! Unsubscribe | Manage subscription Add your postal address here!