$2,000,000 Lake Dredging per referendum
$400,000---- box Culvert project after dredging completed
$250,000---- Creek Walls--see video--included in 2008 Capital Budget.
$2,650,000.
It was interesting to see the debate on amending the amount of the referendum from 1.75 to 2.0 million per the Finance Committee meeting last week, and the proposal to move it to 2.4 million to get the box culvert project included in the referendum.
If the $400M had been included, it would have placed the city in the position of having only $167,000 in available debt capacity per recommendation from Ehlers and Associates, its financial advisors.
To put this in a personal consumer perspective---having $167,000 left for a city in its GO capacity is like having $1 in your personal checking account. The racecar is scraping the wall. If you listen to the full audio of the meeting, you can sense the enthusiasm for adding the $400M to the referendum, and then....they realized how close they were to the wall, and recovered to steer the car back on the track.
Not one member of the public at this meeting had been at the meeting the prior Thursday that reviewed the 8,700,000 in capital projects on the table for 2008. That meeting showed the overall view.
Stay tuned. This is the Evansville Observer.
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O.K. I heard someone had mentioned smart growth at this meeting. But it would seem as though smart growth is nothing more than a toy that this town gets out and plays with how it suits them. When it works for them they pull it out of there hat. When they don't like it they argue about how unfair it is and how it hurts business and contractors. Once again it got pulled out the other night, because it fit what this person wanted to do.
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