Mayoral Candidate Nick Smith Files Bankruptcy

From the Messy Mayor Candidate. Looks like the Smith himself is not very balanced budget wise.

Fiscal Sustainability
The City is in good financial health. We have over ten million dollars in reserves and are meeting the reserve policy we set many years ago. We have strong tax revenues which will increase due to new hotel taxes. I believe we must be wise as to our expenditures and use of funds. As Mayor, I’m determined to continue to have a balanced budget and strong reserves.

Fiscally Substainable?

Bankrupt Smith