RE: [Mpls] Local Government Aid

[Michael Hohmann]

Even with the recent upbeat economic and budgetary forecasts, I too, fully expect that Minneapolis (and other municipalities) will take additional hits as a result of the upcoming legislative session; that means added pressure on local government budgets, including our schools, libraries and parks.  Yes, Round Two will soon be upon us.  I'd like to think all responsible parties are planning accordingly, but I'm not that naive... we're in for more tough times.   I also expect growing federal deficits and a stronger economy will result in rising interest rates by mid-year-- raising the cost of housing and consumer credit in general for consumers; and the cost of borrowing for all governmental units.    To my mind, neither the left nor the right can claim any high ground in this dilemma, given their respective propensities to tax and spend, and borrow and spend as they conduct the public's business.   Enjoy the holidays and batten the hatches.   Michael Hohmann Linden Hills -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]On Behalf Of LEE EKLUND Sent: Wednesday, December 10, 2003 10:46 AM To: Issues List Subject: [Mpls] Local Government Aid Good news for Minneapolis, the recent State of Minnesota revenue forecast shows only a deficit of $185,000,000 for 2004. Unless you believe the conservatives (heaven forbid) that the deficit could swell to $400,000,000 by February 2004. Minneapolis, being the slowest moving political target (years of experience) in the state, is in a prime position to have it's Ox gored to assist in resolving the deficit. Social spenders or property owners, be aware, the bill is in the mail.