City wants to amend sales taxes

[Kiah]

quote:Originally posted by shadows

It seem that some one ran across the 6M and said "we can use that to fix up the (new) building but we will tell the working poor and retirees that it will reduce the revenue bonds that will be issued to be paid off by the budgeting process of the city."

You nitwit.  These aren't "surplus" funds; they're funds that would otherwise be plowed into trying to maintain current city facilities (e.g. new roofs, HVACs, elevators, etc.).  A.k.a. "good money after bad."  If the ordinance isn't changed, these funds would have to be spent on the current city facilities (even though those facilities will be vacated).

The money is being redirected to the new facility (which needs, for example, City Council chambers and other modifications).  These funds were considered part of the deal from the very beginning -- and part of the reason the deal makes financial sense.