They often tell us we can support more debt but one wonders after such slow growth;
The city’s primary operating fund, the General Fund, ended the year with an unreserved fund balance of $41.7 million, an increase of $0.6 million.
The city’s primary capital fund, the Sales and Use Tax Fund, focused on the city’s significant investment to rebuild, repair and replace core infrastructure. It ended the year with an unobligated fund balance of $3.8 million.
The city ended the year with total outstanding debt of $277 million.
Build an Events Center and we could see ourselves inching to a half-billion dollars of debt. In a community where most people make under $30,000 a year. I’m no economist, but if we want to fund an Events Center, we need to do it in a different way. A corporate entertainment tax and advertising tax is what I would like to see.
What’s a corporate entertainment tax? A tax on hookers & blow?
Ask Jon Michels.
if sioux falls taxed hookers, chuck brennan would move his dollar loan center headquarters out of town.
They are already out of town. Aren’t they?
He’s been based out of Vegas for years.
He should keep his Jackyl-Warrant-Quiet Riot reunion gigs there to.
he lives in vegas, but the company itself is headquartered in sioux falls.
Sounds like you are a fellow buttrocker friend.
He’s correct that Chuck’s two companies are headquartered here at the west edge of the old loop. He and his family live in Vegas, and yes I’m friends with him too..flaws and all.
Beyond that, the City is in better shape today than last year and better than 95% of all metros in the country.
http://www.argusleader.com/article/20110315/NEWS/103150305/1001/news/City-audit-brings-good-news
We can handle the EC nut, but Myman’s shitty plan will have “vote me down” stamped all over it. BTW, you can thank Munson for pulling back at the right time, too bad Mikey will co-opt the credit like he does with everything else.
Fun Fact: 172,00 vacant houses in Las Vegas as we speak, building permits there are off 90%.
I heard LV is in bad shape. Thinking about moving there.