Things you think about over Labor Day... A week ago, Victoria Heller at [EMAIL PROTECTED] wrote:
> NRP and its paid activists got funded - with debt. I don't think this is correct, if Vickie is referring to the use of the Hilton Fund to add monies to NRP above Common Project revenues (which are ongoing tax revenues after paying off debt, not debt). The Hilton Fund is an asset - $31 million in the bank, or in this case, in stock - not debt. The city is cashing in a chunk of that asset now. You can certainly argue that the city not cash in the fund...or that it should cash it in to pay down other, real debts (such as the Internal Services Fund). But through 2009, NRP's gap funding comes from liquidating an asset, not a debt. Big difference. David Brauer Kingfield TEMPORARY REMINDER: 1. Don't feed the troll! Ignore obvious flame-bait. 2. If you don't like what's being discussed here, don't complain - change the subject (Mpls-specific, of course.) ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
