|On the Other Hand — Things are finally looking up|
|Friday, May 02, 2014 8:53 PM|
I’m sure everyone has heard the fantastic news about Lakeview Farms making a commitment to Delphos and bringing its Bristol, Wisconsin, operations here.
President Gene Graves is a quiet hero. He looked at his options and saw a win-win for everyone. He believes in Delphos, he believes in the local workforce and he believes his business will thrive here. His faith in his company, Delphos and our people might just save us all in the end.
The boost to the local tax base and utility usage is a much-needed shot in the arm for Delphos. The bounty will also spill over into other areas like the retail and restaurant sectors.
After a long, hard road of turning the city’s finances inside out and back again, the light at the end of the tunnel is a welcome sight.
While the flux of revenue will be a relief, it’s still not enough to overcome the deficit spending the city faces in 2015. Even if the income tax increase passes, the city will not see full collection until 2015. The Lakeview expansion will also take time and it will be nearly a year before the extra income from that will be fully realized.
On Tuesday, I hope you will exercise your rights and cast a ballot. You already know how I feel about the tax and while you may not share the same view, the process is just as important as the outcome.
I’ve explained the tax before but for those of you who may have missed it, here it is again.
The .25-percent income tax increase will generate approximately $400,000 for the Parks and Rec Department. The money put into that budget from the General Fund will stay there to be moved around to cover the red ink in other budgets.
A person that makes $300 a week will pay 75 cents a week for the tax increase. That’s 25 cents on each $100 dollars. With more taxpayers than households, the increase in water and sewer rates will need to be significant to reach the $400,000 to keep the Parks and Rec operating as it is now and will be much more than income tax increase per household.
We can continue to point fingers and be angry about past decisions and perhaps a little bad luck or we can band together to fix the problem and perhaps in three years when the tax expires, it won’t need to be put back on the ballot.
It’s up to you to decide how we fill the gap. At the end of the day, it’s coming out of our pockets.