Capital Gap Page C-21 of Business Plan Update & 2014 Budget (Approved by Current City Council), Article 6.1 States that The infrastructure gap in 2014 is estimated at $91 Million. To fully fund the Citys historical depreciation cost, an increase in the Citys TAX LEVY of almost TWENTY FIVE PERCENT (25%) would be required. Based on Estimated Replacement costs, the City is only providing NINE PERCENT (9%) of the replacement value of assets used up EACH YEAR, resulting in a REAL ANNUAL INFRASTRUCTURE GAP AS HIGH AS $309 Million A YEAR. Have your Candidate explain the fiscal challenges facing our City, an error in judgment will ruin our City financial position beyond your imagination. Dont believe in Plan, demand the Fiscal logical approach and data to make your informed Decision who to vote. Share your thoughts with the Forum.
Posted on: Mon, 20 Oct 2014 14:22:39 +0000
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