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These two articles deserve further examination. We know that we'll need a certain sum of money to meet our financial obligations. The Figure below is an estimate of our budget.
Pay attention to the line "Fees, charges & other income": $9,892,576. That's how much money is needed from water fees to cover expenditures.
Based on the two news articles above we might start Stage two water restrictions immediately. That means we'll have fewer days to water, hence even without water use reduction due to price increases we'll have difficulty meeting our fiscal objectives.
The Table below demonstrates the expected consequences of reduced sprinkling days.
If there will be further reduction of income due to lower water consumption we will have a major problem. This problem further demonstrates the need for a reformed financing alternative using taxation to cover our mortgage.
The debt payment from the above budget table stands $2,680,961 for 2010. That would be approximately 0.3 mill rate ($30 for each $100,000 value). Compare this to the mill rate for Parks and Recreation at 1.252 (on improvements only, empty lots do not contribute), Multiuse at 0.3718 and Theatre at 0.2039. With these facilities we are being taxed for the operations and maintenance as well (even subsidize organizations by guaranteeing ticket sales).
As always, I must emphasize that these are my ideas only and do not represent my Council in any way!
Have an opinion? Share it with me by dropping a line!
The Table below demonstrates the expected consequences of reduced sprinkling days.
If there will be further reduction of income due to lower water consumption we will have a major problem. This problem further demonstrates the need for a reformed financing alternative using taxation to cover our mortgage.
The debt payment from the above budget table stands $2,680,961 for 2010. That would be approximately 0.3 mill rate ($30 for each $100,000 value). Compare this to the mill rate for Parks and Recreation at 1.252 (on improvements only, empty lots do not contribute), Multiuse at 0.3718 and Theatre at 0.2039. With these facilities we are being taxed for the operations and maintenance as well (even subsidize organizations by guaranteeing ticket sales).
As always, I must emphasize that these are my ideas only and do not represent my Council in any way!
Have an opinion? Share it with me by dropping a line!
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