Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are Friends of MFDs conclusions about the information presented on the “Apples to Apples” spreadsheet?

0
Posted

What are Friends of MFDs conclusions about the information presented on the “Apples to Apples” spreadsheet?

0

Double Tax Increase around 2015. First, under Option A (keep MFD), the Village actually stays in the black through 2016, which is one year longer than under Option B (abolish MFD). Under either scenario, however, it is clear that the Village will be seeking a tax increase around the year 2015. Voters should be aware, that based on LMFR’s Resolution R9-08 (concerning the fire station), the LMFR may also be seeking a new tax levy around the same time, in 2015. b) “Robbing Peter to Pay Paul”. Also, the spreadsheet shows that the Village’s economic analysis of the two options is a case of “robbing Peter to pay Paul” in the sense that the Village is simply shifting a projected substantial deficit in the general fund ending balance, in Option A (keep MFD), to a substantial deficit in the permanent improvement fund ending balance, in Option B (abolish MFD). Look at the ending balance for each fund in the 2018 column. The Permanent Improvement Fund was passed to pay for streets and other capit

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.