Open Forum: Reduce taxes $900,000
At the council meeting on Oct. 17 the city’s financial consultant recommended the city council approve borrowing $1,795,000 to pay for 2011 street and sewer improvements, this loan would be paid by passing a tax levy and citizens paying their share of the improvements with on assessment over a 10 year period.
I made a motion to borrow one million dollars and use present money in the construction fund to pay the balance of the improvement costs.
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