City Council giving away $$
According to the City Council meeting report in digitalBurg.com, the city will offer $4.25 million in "Municipal Temporary Notes" for the Hawthorne development. I have a few questions:
1. What, pray tell, is a "Municipal Temporary Note" and how did we get into situation where a city can issue notes willy-nilly without a vote.
2. Who's going to buy these "Municipal Temporary Notes"? Will they be sold to/thru a favored bank or though open bidding?
3. Hasn't the City done enough to support this developer by raising our taxes at Wal-Mart?
Thye also raised their contribution to Warrensburg Main Street, Inc., from $18,000 to $30,000 a year. I think Main Street is a fine organization, but I wonder if it's a proper use of tax money. Of course, it's small potatoes compared to the $100,000 a year the Greater Warrensburg Area Chamber of Commerce and Visitor Center extracts (and squanders) from the room tax.
In Liberty
1. What, pray tell, is a "Municipal Temporary Note" and how did we get into situation where a city can issue notes willy-nilly without a vote.
2. Who's going to buy these "Municipal Temporary Notes"? Will they be sold to/thru a favored bank or though open bidding?
3. Hasn't the City done enough to support this developer by raising our taxes at Wal-Mart?
Thye also raised their contribution to Warrensburg Main Street, Inc., from $18,000 to $30,000 a year. I think Main Street is a fine organization, but I wonder if it's a proper use of tax money. Of course, it's small potatoes compared to the $100,000 a year the Greater Warrensburg Area Chamber of Commerce and Visitor Center extracts (and squanders) from the room tax.
In Liberty
posted by Bill Wayne @ 8:24 AM
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