Bond for a new city hall

[buckmasterson]

This may be the wrong forum, but I have a question.

I can't link to the story because you have to subscribe to the local news paper, but Ottawa, Illinois refurbished city hall for 1.4 million and the Mayor says don't worry taxpayers, it's covered by a 1 million dollar bond. How do these bonds work? Will 1 million cover for 1.4???

In the mean time the city is trying to implement a .5% sales tax to cover the 500,000.00$ city budget debt. The vote is next Tuesday. The threat is that if we don't vote for the tax increase, they will raise our property taxes.

 

[dmcowen674]

Originally posted by: buckmasterson
This may be the wrong forum, but I have a question.

I can't link to the story because you have to subscribe to the local news paper, but Ottawa, Illinois refurbished city hall for 1.4 million and the Mayor says don't worry taxpayers, it's covered by a 1 million dollar bond. How do these bonds work? Will 1 million cover for 1.4???

In the mean time the city is trying to implement a .5% sales tax to cover the 500,000.00$ city budget debt. The vote is next Tuesday. The threat is that if we don't vote for the tax increase, they will raise our property taxes.

You're certainly in the right place. The Local County Commission Thugs just did the same thing here. They pushed for an additional Sales Tax (called SPLOST - Special Local Option Sales Tax) 1% that is tacked on on top of the State 6% Tax. They used the same Tactic that if the SPLOST was not passed that they would be forced to raise property taxes. Guess what, of course they raise property Taxes in addition to the SPLOST under the guise of, well we have to for Schools and everything else.

We're getting attacked from Thugs in every which way direction in what I call "Domestic Financial Terrorism". Thugs in power at the top of the Corporate Monsters that in turn have bought the Thugs that control Congress and on Local levels it is the Thugs in the smaller regional Corporate Powerhouses that control the local Government. The pattern is the same. Hitler has a new Name, Corporate America.

The only way I see personally to stem it is that the U.S. General Public will have to band together in a Revolt type of movement to tear down the Corrupt Corporate system. America worked when it was run by your Mom & Pops and the corner General Store. It is nothing more than Al Capones Pet Pig now under the Business Model that is called Corporate Conglamorates.