$17.8 Million Surplus - How about lower taxes???
Snippets from the Lexington Herald Leader ...
http://www.kentucky.com/mld/kentucky/15669881.htm
Posted on Tue, Oct. 03, 2006
City finds itself with budget surplus of $17.8 million
By Michelle Ku
HERALD-LEADER STAFF WRITER
The city is expected today to announce a preliminary budget surplus of nearly $17.8 million from the fiscal year that ended June 30.
[...]
The city had budgeted $7 million from the surplus to balance this year’s budget.
After that and the rainy day fund money are subtracted from the surplus, the mayor wants to use almost all of the remaining money for stormwater projects and pay equity.
[...]
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The sewers should have been upgraded years ago. Too little, too late. Rather than "pay equity" -- which are payoffs to city employees for being loyal to Isaac -- how about cutting taxes? Lower the 2.75 city income tax? Or reducing the taxes we pay for LexTran? Or cutting taxes to compensate for the cut in garbage service & quality?

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