Saturday, September 04, 2010

Facility Tax in Peoria County

The 1/4% will take as much as $80 million out of the economy over 20 years. When Mr. Urich talks of "debt certificates" costing extra money of from less than a million to $1.2, that is NOT additional taxes as that money is already being collected as approved by last years referendum.

By changing the language to General Obligation bonds, the burden of failure is shifted to tax payer however slight that possibility could be.

Did everyone forecast that we would go into a depression and Caterpillar stock would drop as low as $20 a share. Or that this fiasco museum would not have an IMAX and be 70+% supported by taxpayer dollars??

$17.9 million is the lowest figure quoted on debt service paid by the taxpayer on the museum.

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