Sunday, April 22, 2007
the bond vote of 69 million
seems like a keep up with the pennfields, harpers, lakeviews of the world. School and its additional expense burdens are creating issues on homeowners that are tapping out the equity of people in this community. When you like at all the "it will only cost x" its all these little amounts that are getting to be quite substantial. It has made me rethink my real estate platforms in terms of investing. Taxation has gotten to be such a big bite that along with cost of capital, cost of improvements to properties, municipalities applying there rules aka fees, it is out of hand it is no wonder michigan is one of the nations leaders in foreclosure.
What steps are we doing to help with that? I have seen the lengths we will go to help 200 retirees from police and fire, but what lengths are we going to save peoples homes? The bottom line is the cbdg monies are being gobbled up in fees and wages and administration of programs but very little in the form of actually getting to the end users.
the bond vote in this case is to vague and not specific to wear such a large tax collar for.
it seems that there starting in the wrong spot with the high school, i would think elementary and middle school development would be more a logical place to start but then again with the other high schools it seems to be a follow the jones' thinking.
The analogy of the newspaper keeps getting more ridiculous as they state the homeowner of a 65,000 home reality is with the assessing in place that we have most homes are assessed higher than this figure and again with homes being foreclosed on at such a high rate it is a bad time to have this bond come up.
Also when you look at the totality and factor in rental units in the city there are assessed at a higher mill rate which in effect is even a higher tax burden.
I wish the whole totality of all three phases and the corresponding expenses would be outlined, just as in business you would plan out all phases and there costs it would only seem prudent when you are asking tax payers for more money, why not tell them the whole amount you seek.
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3 comments:
I am not sold on the whole bond proposal. Ok... I'm not sold on ANY of the bond proposal. Seems like we are paying over 100k for a school super, yet we are closing school like crazy. Having new things will not make students learn more. Study doesn't require a new building. The good thing about this bond proposal is the voting majority in Battle Creek area will not be able to vote on the issue. South of Territorial Road is Lakeview Schools. And I think West of 20th Street. While this is not the majority of the population, it is the majority of the residents who do get out and vote. I was surprised the Enquirer didn't give an accurate list of just the precincts that will be open to vote at for this issue.
We need to find a like 500 no votes so we can get this defeated! We must act quick before we they spend the money. :)
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