Vicky says: "The NRP has about $60 million in the bank earning interest." (VH - no interest income is shown on the City's financial statements - which makes me wonder where this money is.)
Nick replies: The money is not included in the City financial statements because it is designated to the NRP, outside of the general fund. The city cannot tap this fund for purposes other than the NRP funding. Vicky also says: Maybe the City is hiding it because the legislature said NO LGA money until ALL LOCAL RESERVES HAVE BEEN USED UP. Nick replies: Speculation like this is unwarranted and counterproductive. CM Johnson obviously admits that the money is out there but that it is dedicated to a source that is not directly accessible for funding other city services. That it is "untouchable" is just one reason the CM would not know the amount of interest income for the year. Regarding Bar Times: 2:00AM is a move in the right direction. Probably should be 3:00 to increase the likelihood that people leave at different times and allow business additional opportunities to sell drinks, food, coffee, etc. In my personal experience we have lost a lot of young professionals from Minnesota particularly because of the early bar time. It really does send a message to people that this is NOT the place to be for a good nightlife which is an important component of retaining many young, creative, active, and productive people over the long run. Thanks, Nick Frank North Loop Minneapolis This message (including any attachments) contains confidential information intended for a specific individual and purpose, and is protected by law. If you are not the intended recipient, you should delete this message. Any disclosure, copying, or distribution of this message, or the taking of any action based on it, is strictly prohibited. TEMPORARY REMINDER: 1. Send all posts in plain-text format. 2. Cut as much of the post you're responding to as possible. ________________________________ 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
