[Winona Online Democracy] Paul: What is fascinating, however, is the governor now describes the use of that 1/2 cent sales tax as discretionary when calculating his proposed 5% LGA cuts. That sales tax money was never allowed to be used except to retire the dredging project debt and, in fact, no longer exists as a funding source for the city. It is just an example of how the governor and his staff are distorting the numbers to save any meaningful sharing of the pain by the "burbs." My other point would be that the State is the big winner in the Menard's project, in sales tax, income tax and property tax generation. The City will receive approximately $60,000 in property taxes, reducing other property owner taxes: The state will receive $65,000 from Menards alone for every $1,000,000 in sales taxes, and payroll tax and a portion of the new property tax. Eric Sorensen
-----Original Message----- From: Paul Double [mailto:[EMAIL PROTECTED] Sent: Monday, March 10, 2003 8:19 AM To: Online Democracy Subject: [Winona] Think positive the City has made some good moves Congratulations are in order for the Winona City Council in their forward thinking, which may now assist us in weathering state reductions. The importance of the development of our new east end commercial area from the seed money they approved and which provided the 1/2 cent Sales Tax investment from taxpayers into the lake dredging provide some important resources as other revenues decline. That investment created 70 + acres of prime commercial value land worth far more than the original taxpayer investment possibly as much as $7,000,000 when returned to the city as parcels are sold and property taxes come in. In addition, the increased property values of the real estate on Mankato from Sarnia to Highway 61 as they are reclassified from residential to commercial and with the new and much higher market sale values will be reflected in the property taxes they will pay. Add to that the new Menards, the employment, sales and property taxes they will generate and the construction jobs created in the new construction all along Mankato. Clearing up the muck was more than luck! Paul Double _______________________________________________ This message was posted to Winona Online Democracy All messages must be signed by the senders actual name. No commercial solicitations are allowed on this list. To manage your subscription or view the message archives, please visit http://mapnp.mnforum.org/mailman/listinfo/winona Any problems or suggestions can be directed to [EMAIL PROTECTED]
