Vicky- Were any of these questions answered (or addressed?!) at the hearing?
David McCoy Seward > Message: 8 > From: "Victoria Heller" <[EMAIL PROTECTED]> > To: "Mpls Forum" <[EMAIL PROTECTED]> > Date: Wed, 11 Dec 2002 10:00:33 -0600 > Subject: [Mpls] Competency test for 3rd Ward Candidates - and other office > holders > > These questions are based on the 2003 Budget that was distributed at the > Truth in Taxation hearing on Monday. > > Question 1 > > The City plans to collect $329.4 million from selling services (primarily > water) and $158.6 million from property taxes. > > Do you think it would be more honest to sell water "at cost" and double > property taxes - so taxpayers would know how much it really costs to run > the City? > > Question 2 (two parts) > > Assuming the MCDA collects the $48.8 million of "rents" and all of the TIF > property taxes of $61 million, the Agency's total income would be $109.8 > million. The MCDA expenditures are shown as $146.4 million. > > What does the Agency do with the $146.4 million? > Why is there a $36.6 million shortfall? > > Question 3 > > Last year, Minneapolis received $62 million from the State. The new budget > shows $158 million coming from the State. > > In view of the State deficit, do you think this is realistic? > > Question 4 > > The City expects to collect $146.4 million from "other" sources. This is > almost as much as the total property taxes. > > Do you know where this money is supposed to come from? > > Question 5 > > The City is in debt for more than $1.5 billion. The budget shows "debt > service" payments of $122 million. > > How do you plan to reduce the debts before interest rates increase? > > Last Question (two parts) > > How did we get into this financial mess? > What is your plan for getting out of this financial mess? > > > Submitted by, > Vicky Heller > Cedar-Riverside and North Oaks > > _______________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Unsubscribe, Digest, and more: http://e-democracy.org/mpls
