Future of her partys leadership. We have a lot of talented younger members. Its not just, by the way, mrs. Pelosi. I think shes been a great leader. And she is really good at raising money. Thats not one of my fortes. I was never good at that. But they have to start training younger people and bring younger people into the caucus, to become hopefully the future leaders. One of the things that i certainly believe with all my heart and soul, you have to know when to leave. And nancy obviously does not feel that this is the time to leave. Many of us thought that she might stay for, you know, maybe this coming year. Hopefully turn the reins over to somebody else. But when i look around, is anybody really ready to replace her. I mean, its a hard job. I give her a lot of credit for what shes been able to do. But i think its time that the leaders stop looking at whos going to fill my spot. Were all replaceable. There might be some bumps in the road. But i do always believe its time for younge
Reserves so they can make a cash investment in a Capital Infrastructure to build a city hall or to do Something Like that and also to keep the bond rating agencies happy, to demonstrate that they are good stewards of the fiscal resources. So if you noticed the trend over time, it was much less than what we are now at about 22 of expenditures. Some 25 or 30 years ago it was much less. What cities have done over the last 25 and 30 years is theyve realized several things. One, that you cant predict the future as we all witnessed this last winter when salt reserves for at least the northern cities and some southern as well ran out very early and they had to dig into their reserves to buy more salt and snowplowing services. So preparing for these unexpected emergencies is one of the reasons that the reserves tend to grow over time. The other is that between the time that we started monitoring ending balances in the general fund to the present is that the federal government has become a much