A LOREN STEFFY COLUMN from the past week (or so) had this interesting observation:
Five years of deficit spending have largely depleted reserve funds and left the city vulnerable to rising expenses and falling tax revenue.
Readers of Steffy’s newspaper were surely unaware of this deficit spending over the last five years, having been subject to Mrs. White*’s celebration of Bill The Great’s tenure and financial acumen.
* Mrs. White being Cory Crow‘s nickname for a recent iteration of the Chronicle editorial board.
