In covering the continuing fiscal crisis the city is facing I published a spreadsheet produced by the Department of Finance that addressed the city’s monthly cash flow. This was the same information that had been sought by Accounts Commissioner John Franck.
In a spirited email to me, Commissioner Michele Madigan asserted that the spreadsheet was an internal document and that my decision to publish the document was inappropriate. She advised that she would no longer be responding to my communications to her.
In fact, this is a public document and FOILable, but also this document was and is available on the web. Because the city is seeking a bond to address the immediate need to cover the June payroll, the city was required to publish a variety of information. This is because investors have a right to information about the city in order to assess the risk of such bonds. The spreadsheet was part of a larger document prepared by the law firm the city engaged to issue the bond, Walsh and Walsh, LLP. The spreadsheet is on page 43.
I have sympathy for Commissioner Madigan’s response to me. She is under a great deal of stress. Commissioner Madigan is dedicated to this city and to the need to inform its citizens. I am hopeful that over time she will reconsider communicating with me.
Readers of this blog may recall that I had previously sent her a series of questions about the city’s plans to address the $15 to $17 million dollar short fall projected by Commissioner Madigan. At the time she had emailed me that she planned to address my questions. At least in the short run, this is not going to happen.