Spencer Cox

@SpencerJCox ↗

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Last Checked Dec. 31, 2022

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Tue Dec 20 20:22:55 +0000 2022

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Spencer Cox @SpencerJCox

We try to never pay for ongoing programs with one-time money. Even better, we have identified $600M ongoing and $300M of one-time revenue we consider “high-risk.” We’re proposing these funds go to “low-risk” projects in case we have an economic downturn (i.e. recession-proofing). https://t.co/u8Fu5ZuNyn — PolitiTweet.org

Posted Dec. 20, 2022

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Spencer Cox @SpencerJCox

We also believe in saving and have consistently built up our rainy day funds since the last economic downturn — even during the COVID-19 pandemic. For FY 23, we’ll have a historic $1.4B in rainy day reserves, enabling us to respond to any type of emergency. We are prepared. https://t.co/DiSNLObRh4 — PolitiTweet.org

Posted Dec. 20, 2022

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Spencer Cox @SpencerJCox

We’re also proposing to fully fund long-term projects and pay for projects with cash whenever we can. In FY 24, we’re recommending paying cash for new capital projects like a new DABS warehouse and other buildings to avoid new debt. https://t.co/fGHW0vMcX8 — PolitiTweet.org

Posted Dec. 20, 2022