THE SYSTEMIC ROOTS OF MIAMI BEACH BANKRUPTCY

1. The Commission and City Manager's office repeatedly make the mistake of projecting unrealistic future tax revenue upon short-term and anomalous economic growth (such as existed between 2002 an 2006) and then spending based on those unrealistic projections, thus putting us into dangerous short-term deficit and incurring even more dangerous long-term pension and health care liabilities.

Dave Crystal's first taste of corruption in Miami Beach was in the building in which he lived – the 5600 Condominium – in 2005. Then, the building was going through some major renovations and preparing for its 40-year recertification. Mr.

1. The City shall provide full audits of its finances and capital projects and post them on an easy-to-find website for everyone to peruse. Every citizen shall know how his or her tax dollars are being spent. Transparency is Paramount.

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•Dave Crystal’s first taste of corruption in Miami Beach was in the building in which he lived – the 5600 Condominium – in 2005. Then, the building was going through some major renovations and preparing for its 40-year recertification. Mr.