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"Where Fillmore County News Comes First"
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Tuesday, August 30th, 2016
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Fri, Apr 19th, 2002
Posted in

To the Editor,

The voters of Rushford-Peterson School District are being asked to make what had the potential of being a huge personal financial sacrifice for a new school Lets try to put this in perspective.

According to the 2000 census, 26.1% of Rushfords residents are 65 and older and many live on fixed incomes. Obviously another tax increase will be a concern to many of these people. 18.1% of the districts income comes from transfer payments.

24.9% of Rushfords residents rent. Rent will go up if the bond passes. Also, if renters want to purchase a house, qualifying for a loan will be more difficult and house payments will be increased.

In all cases, renters, homeowners and farmers will pay more and business owners and farmers significantly more. We should examine this issue not only in terms of how much our rent or taxes will be raised but also in terms of how much in potential savings each of us could have for our own use if there was no tax increase. For example, if rent goes up by $25 a month, renters will pay $3,000 in increased rent over 10 years, $6,000 over 20 years and $9,000 over a 30 year period. If taxes arent raised, one could invest the $25. A conservative investment is a Roth IRA in a no-load mutual S&P 500 index fund. Incidentally, over any given 30 year period, there has not been any time in which the market has not returned at least 9%. To be very conservative, let us calculate future return using a 7% return instead. That means that a renter could have saved $4,352 after 10 years. Over 20 years a renter could have saved $13,099 and $30,677 over 30 years. If a renter had a choice of investing $50 instead of paying an additional $50 in rent per month, a renter could have $8,704, $26,198 and $61,354 invested after 10, 20 and 30 years respectively.

If homeowners were able to invest $500 per year rather than pay $500 in increased taxes their investment would be $7,252 after 10 years, $21,828 after 20 and $51,120 after 30. Investing $1,000 per year instead of paying taxes results in $14,500, $43,650, and $102,240 over 10, 20 and 30 years respectively. Ten, 20 and 30 years figures for $1,500 are $21,758, $65,485 and $153,361 respectively.

Impact on business owners and farmers will be especially severe. A $3,000 investment per year rather than $3,000 in increased taxes could result in savings of $43,516 in 10 years, $30,970 in 20 years, and $306,722 in 30. $4,000 results in $58,022, $174,62 .....
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Fri, Apr 19th, 2002
Posted in

To the Editor,

On Tuesday, April 8, 2002, the new school information committee gave a presentation for the public on the new school bond. Many arguments were brought up for and against building a new school. One comment captured our attention ..... 
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Fri, Apr 19th, 2002
Posted in

To the Editor,

Thank you for taking my letter. I am writing you concerning the new school referendum proposal for the Rushford-Peterson School district. I agree with the states recommendation that some of the districts buildings have served ..... 
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Fri, Apr 19th, 2002
Posted in

To The Editor,

The New School Information Committee wishes to respond to concerns regarding statements made by Bob Buresh, Department of Children, Families and Learning, regarding the state's position on renovating the current facilities in o ..... 
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Fri, Apr 19th, 2002
Posted in

To the Editor,

I went to the last meeting to hear some facts on building a new school in Rushford.

One thing I saw and heard were hurt feelings over closing the Peterson school and moving all to Rushford.

Nothing was said abo ..... 
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Fri, Apr 19th, 2002
Posted in

To the Editor,

After reading the Tri County Record of this past week and learning of all of the reasons why we should vote for a new school I would like to voice my equally sincere reasons to vote NO. There are at least two main reasons. Numb ..... 
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Fri, Apr 19th, 2002
Posted in

To the Editor:

As a member of the Lanesboro Fire and Ambulance service for 23 years I would like to address a couple of issues concerning the fire in downtown Lanesboro.

First I would like to say "thank you" to the people of Lanesb ..... 
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Fri, Apr 19th, 2002
Posted in

To the Editor,

I was one of the few who only lost my job in the fire of Lanesboro. I am not angry that I lost my job. I can find another job. My heart goes out to those who lost a lot more. I feel bad for Gene, Mary and Kirsten Mensing who lo ..... 
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Astri, my Astri where art thou?

Fri, Apr 19th, 2002
Posted in

A primer for searching Fillmore County genealogy records for pioneer ancestorsBy Deb Nelson GourleyMarch 18, 2002

Imagine a class called Genealogy 101: Fillmore County Pioneers. You are only given the following information ..... 
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