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OK, here is the point. The Mayor states that Warwick's assets exceed its liabilities by 53.3 Million. He makes the city look good. If he is going to give us a Balance Sheet which includes all assets of the city, he should include all of Warwick's liabilities (health care, water, sewer dept. debt) etc. He did not. I will grant you the liabilities are paid over time, that is not the point. The point is that the Mayor conveniently left out amounts that the city is currently liable for. It made him look good and is not accurate.

From: Mayor touts city's financial position

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