I received a copy of Jeff Fix?’s prepared statement to council that he delivered on July 1st. It never fails to amaze me how little Mr. Fix knows about our city government and how it works.
He asks in his statement how are we going to pay for the new sewer plant? The very same night he votes for the Waster Water Plant loan. I would think that he should have figured that out PRIOR to voting for the $10 Million loan. May I remind Mr. Fix that with council action we raised the user fees to cover the new loan. Hopefully this will allow new commercial development and the city can pay most of this loan back with commercial tap fees.
As we can see with the sewer plant, future commercial growth depends on investments in infrastructure and in this case a new sewer plant with additional sewer capacity.
As the normal M.O. for Mr. Fix, he must insult everyone before him and try to make the case of ?“now I here to clean up the mess.?” If he doesn?’t understand where the money is coming from to pay for the sewer plant then how does he have any chance to solve the city?’s general fund problems?
Mr. Fix likes to harp on the street paving and that we should arbitrarily pave 10% of the streets each year. Streets should be repaved on a ?“as needed?” basis and not arbitrary like Mr. Fix proposes in his crisis mode of government.
Mr. Fix continues to claim that the city needs more police officers. Public records indicate that the city crime rates has been dropping off the last few years. As a custodian of our public money shouldn?’t we be manning the police department based on need? Not some arbitrary ratio that Mr. Fix likes to promote?
Clearly the city does has a debt of a little over $25 million not the $30 million Mr. Fix says. Of that $25 Million only a little over $11 million is in the general fund debt category and that can be addressed with income tax monies. Two thirds of that general fund debt is under contract and we can?’t pay it off early. The other third is in notes and that could be paid off early. In any event, giving the city more money than they need doesn?’t guarantee that this debt will be paid off any sooner. Because one council can?’t obligate another council. Next year we will have a new council.
In addition to the $11 million general fund debt we also have a TIF debt of around $4 Million. I would hope that Mr. Fix and the financial advisors at the city would work on converting these TIF loans into new TIFS (similar to the Equity TIF). If the city fails to convert those TIFs then what ever is left of the $4 million in TIF loans will be picked up by the general fund. I am confident that the city will find a way to convert those TIFs to better instruments to pay off the loans mainly for road improvements. This should occur starting in 2012. So commercial growth between then and now should be a priority.
By Ted Hackworth
He asks in his statement how are we going to pay for the new sewer plant? The very same night he votes for the Waster Water Plant loan. I would think that he should have figured that out PRIOR to voting for the $10 Million loan. May I remind Mr. Fix that with council action we raised the user fees to cover the new loan. Hopefully this will allow new commercial development and the city can pay most of this loan back with commercial tap fees.
As we can see with the sewer plant, future commercial growth depends on investments in infrastructure and in this case a new sewer plant with additional sewer capacity.
As the normal M.O. for Mr. Fix, he must insult everyone before him and try to make the case of ?“now I here to clean up the mess.?” If he doesn?’t understand where the money is coming from to pay for the sewer plant then how does he have any chance to solve the city?’s general fund problems?
Mr. Fix likes to harp on the street paving and that we should arbitrarily pave 10% of the streets each year. Streets should be repaved on a ?“as needed?” basis and not arbitrary like Mr. Fix proposes in his crisis mode of government.
Mr. Fix continues to claim that the city needs more police officers. Public records indicate that the city crime rates has been dropping off the last few years. As a custodian of our public money shouldn?’t we be manning the police department based on need? Not some arbitrary ratio that Mr. Fix likes to promote?
Clearly the city does has a debt of a little over $25 million not the $30 million Mr. Fix says. Of that $25 Million only a little over $11 million is in the general fund debt category and that can be addressed with income tax monies. Two thirds of that general fund debt is under contract and we can?’t pay it off early. The other third is in notes and that could be paid off early. In any event, giving the city more money than they need doesn?’t guarantee that this debt will be paid off any sooner. Because one council can?’t obligate another council. Next year we will have a new council.
In addition to the $11 million general fund debt we also have a TIF debt of around $4 Million. I would hope that Mr. Fix and the financial advisors at the city would work on converting these TIF loans into new TIFS (similar to the Equity TIF). If the city fails to convert those TIFs then what ever is left of the $4 million in TIF loans will be picked up by the general fund. I am confident that the city will find a way to convert those TIFs to better instruments to pay off the loans mainly for road improvements. This should occur starting in 2012. So commercial growth between then and now should be a priority.
By Ted Hackworth