Aquatics Center burdens taxpayers
in operating losses including losses exceeding $230,000 in 2012. We must understand these significant variances to avoid similar false assumptions, inaccurate estimates, and broad miscommunications.
The Eden Prairie City Council is considering three options to improve the swimming pool at the Community Center, including spending less than $1 million to make necessary repairs, spending $10 million to improve the existing pool or spending $16.5 million to build a new aquatics center.
from lower than expected debt financing. Savings from refinancing debt should not be considered as new Nike Sneakers 2017 Women's money for the City Council to spend.
Our city has maintained a favorable bond rating resulting in lower interest payments on outstanding debt. Taxpayers have absorbed higher than expected operating losses from the Community Center and should benefit Nike Shoes Grey And Purple
Spending $1 million to maintain our swimming pool may be an appropriate use of taxpayer money. However, building a new $16.5 million aquatics center does not seem to be a necessary "infrastructure project". Why not let our residents vote?
In 2005, the City Council asked taxpayers to approve $3.3 million to improve the existing pool. Former City Manager Scott Neal commented, "because of statutory reasons, we have to ask residents to fund (the proposed improvements). Nike Shoes High Tops For Girls
Not only is providing subsidized services that compete directly with private businesses like Lifetime Fitness and Foss Swim School a questionable use of taxpayer dollars, any increase in property taxes may decrease home values. Homebuyers qualify for mortgages based on monthly Principal, Interest, Tax, and Insurance (PITI). For every $5 per month in increased taxes, a homebuyer loses about $1,000 in buying power.
Because these are amenities, not necessary items like a fire station, the city needs citizens' approval to issue bonds." However, this time the City Council has decided that the entire $16.5 million aquatics center is an "infrastructure project" which does not require voter approval.
Also in 2005, the City Council asked taxpayers to approve $6.65 million to expand the Community Center and specified that "additional revenue should cover added operating expense". However, the City Council spent $11.2 million to build the facility and has accumulated $3 million Nike Shoes Girls Tumblr
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