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.