Wednesday, November 22, 2006

On Second Thought

From today's Post-Gazette South section:

Mt. Lebanon commissioners are having second thoughts, and are considering raising taxes in the 2007 budget. The proposed property tax increase would raise millage to 4.97 from the current 4.79 mills. The draft budget had originally called for no increase in services and no tax increase.

Proposed changes include removing the $5.3 million aquatic center from a planned bond issue, replacing a pavilion at Williamsburg Park and adding a deer management plan, among other items.

Commissioners will hold a public hearing at 8:00 PM on Monday, November 27th in the municipal building.
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Anonymous Anonymous said...

I knew it was too good to be true.

November 22, 2006 11:23 AM  
Blogger Andy said...

Sounds like a bait and switch scheme.

November 22, 2006 12:29 PM  
Anonymous Anonymous said...

Just makes you sick. Tax, tax, tax. Last person to leave Mt. Lebo please turn out the lights.

November 22, 2006 3:13 PM  
Blogger Bill Matthews said...

I have to stick up for the Commission here.

The proposed budget moved the $1.2MM street reconstruction item from the "pay-as-you-go" General Fund to the "I'd gladly pay you Tuesday for a hamburger today" Bond Fund.

The Commission put streets back where they belong - in the general fund. This was a prudent and responsible act.

Nobody wants a tax increase, but we should not pull out the credit card for a recurring, annual maintenance expense. We need to limit the Municipal budget to essential government services and be willing to pay as we go.

Bond issues should be limited to large one-time capital items.

November 22, 2006 4:20 PM  
Anonymous Anonymous said...

Does this mean we're not getting a new pool?

November 26, 2006 4:37 PM  
Anonymous Anonymous said...

Does this mean we're not getting a new pool?

November 26, 2006 4:40 PM  
Blogger Bill Matthews said...

The pool is still in the plans - just out of the 2007 budget and bond issue. The money was not likely to be needed until 2008 anyway.

But if we borrowed it in 2007:

1) We could invest the funds until they were needed and earn a smidgen more than it cost to borrow the money.

2) It would fill out the 2007 borrowing limit.

3) Leave 2008 open for more planned borrowing.

Pushing the pool to 2008 will squeeze the borrowing opportunity in 2008 for other projects - this is not all bad.

November 28, 2006 6:04 PM  

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