Shell Game
I have, myself, provided answers to several of those questions at City Council meetings and on this discussion board. When I do, however, the BIA and the Mayor tend to change their assumptions.
Thus we have seen proposed a 3,000-acre community authority, a 4,500-home community authority, a 3,000-home community authority, and now a 3,800-home community authority.
For several weeks, our City Manager herself told us that each house in the Community Authority would hold, on average, 1.5 children. I have some confidence in this number, since the City Manager would not have quoted a number so contrary to the BIA's interests without good reason. Then, however, we were told that the proper number was 0.8 kids per house, and then 0.7 kids per house.
We have been told that the community authority would remain in place only for 20 years, then for 30 years, and now for 40 years. In my initial analysis, I assumed an average home price of $180,000, which I considered high. Then we were told that the average home price would be $200,000. And now we are being told that it would be $225,000.
We were told that a 6-mill levy on residents of this community authority, over a 20-year period, would produce enough revenue to finance $35 million of building projects for the PLSD. When I pointed out the obvious -- that you could not finance $35 million of building projects without paying an even larger amount of interest -- we were told that the community authority would raise $74 million. If you do the calculations yourself, however, you will find that 6 mills will not even raise $35 million over 20 years in a 3,000-home community authority.
Have any of you ever seen a real shell game? If you have watched the Community Authority Proposal closely, you have. We have had enough of this flim flam.
The Community Authority Proposal is a transparent, BIA-inspired fraud, designed to block this community's efforts to manage growth. But we do not have to be fooled. Let's support Ted Hackworth's and Bruce Rookstool's proposals. We're not a bunch of rubes who can be taken in by cheap carnival games.
I have, myself, provided answers to several of those questions at City Council meetings and on this discussion board. When I do, however, the BIA and the Mayor tend to change their assumptions.
Thus we have seen proposed a 3,000-acre community authority, a 4,500-home community authority, a 3,000-home community authority, and now a 3,800-home community authority.
For several weeks, our City Manager herself told us that each house in the Community Authority would hold, on average, 1.5 children. I have some confidence in this number, since the City Manager would not have quoted a number so contrary to the BIA's interests without good reason. Then, however, we were told that the proper number was 0.8 kids per house, and then 0.7 kids per house.
We have been told that the community authority would remain in place only for 20 years, then for 30 years, and now for 40 years. In my initial analysis, I assumed an average home price of $180,000, which I considered high. Then we were told that the average home price would be $200,000. And now we are being told that it would be $225,000.
We were told that a 6-mill levy on residents of this community authority, over a 20-year period, would produce enough revenue to finance $35 million of building projects for the PLSD. When I pointed out the obvious -- that you could not finance $35 million of building projects without paying an even larger amount of interest -- we were told that the community authority would raise $74 million. If you do the calculations yourself, however, you will find that 6 mills will not even raise $35 million over 20 years in a 3,000-home community authority.
Have any of you ever seen a real shell game? If you have watched the Community Authority Proposal closely, you have. We have had enough of this flim flam.
The Community Authority Proposal is a transparent, BIA-inspired fraud, designed to block this community's efforts to manage growth. But we do not have to be fooled. Let's support Ted Hackworth's and Bruce Rookstool's proposals. We're not a bunch of rubes who can be taken in by cheap carnival games.