Andy, I just wanted to publicly thank you and acknowledge the volunteer work you (and the other volunteers who presented at SOTT) put in on these town committees.
I recognize there is good faith disagreement over the community center project, but the work you guys do has provided some critical and unbiased information to help everyone in town make an informed decision on November 30th. Much appreciated, Seth > On Nov 16, 2022, at 9:36 AM, Andrew Payne <a...@payne.org> wrote: > > > Louis Z. wrote: > >> Like Jon Ralston for Nevada elections, I await Andy Payne to break down the >> proposed Community Center finances. 😀 > > Ha! You're making me blush. Also, I'm sorry to report that MSNBC has not > yet called me to get my take on Lincoln's community center project. > > As Andy W. noted [thank you!], the Finance Committee's presentation on Town > capital capacity from Monday's State of the Town meeting is here, starting > around minute 00:52: > > https://us06web.zoom.us/rec/play/AReYDj7pl35yQSVtt311DbCsaESETqVMTkg-tShgdQTXugCqucmIk7sAPGVGITmPWbid-w_goDv2UdM.EB2NwykpnKw9CdZ4?continueMode=true > > Key points: > The Town currently has the capacity for up to ~$30m of debt, growing over > time in subsequent years. > > Each $10m of debt (at current rates, which have been volatile) is around a > +1.8% tax increase. For a median tax bill of ~$17,500, that's about > +$310/year. > > Our Stabilization Fund is currently $3.9m, and is available to lower the debt > needed for any capital projects. > Also: the upcoming Special Town Meeting vote is for funding a proposal to > develop a detailed proposal for a community center. That may sound a little > Dilbert-y, but that's how things actually work. (If you recall, we went > through a similar process with the school building.) > > At this stage, we do not have a specific project cost, projected operating > costs, information about any possible private contributions, etc. Those > details would be developed by the Community Center Building Committee (CCBC) > during their work. > > I encourage anyone with project and/or financial questions to watch the SOTT > video. If you are in a hurry, there are captions and accelerated playback > options. > > One I-already-talk-too-fast resident's view, > > -andy > https://payne.org/lt-disclaimer/ > -- > The LincolnTalk mailing list. > To post, send mail to Lincoln@lincolntalk.org. > Search the archives at http://lincoln.2330058.n4.nabble.com/. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/. > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. >
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