Sunday, February 24, 2019

Proposed Community Center - Will Always Run in the Red

At the 2/11/19 council meeting the chart below was submitted but not listed in the Quick Reference Guide.  Maybe by now it has been.

anyway, what this chart show is that for the first five years the community center is projected to be in the hole for $1.5 million.  These are funds that are not covered by the mill levy increase (the $38 million in bonds).  These are funds that will need to be subsidized by the general fund.  Which city services will be curtailed to account for these funds?  Just projecting forward , that could be as high as $6 million for 20 years.  And that could go up with inflation, salary increases, utility costs, building and equipment maintenance etc.  Membership and program fees will not cover operating costs and expenses.

Click on the image to see a larger version

Vote "NO" on the May 2019 mail ballot
Vote "NO" to the Taj Majal on Woodland