Letterwerks Sign City
 
"Where Fillmore County News Comes First"
Online Edition
Friday, November 28th, 2014
Volume ∞ Issue ∞
 
<< | < | 2 | 3 | 4 | 5 | 6 | > | >>

Rushford-Peterson bond levy: an unnecessary financial risk


Mon, Oct 6th, 2014
Posted in Peterson Education

By Michael Machutt

Rushford, Minn.

We are being asked to commit to a minimum of $56,000,000 of debt ($38,000,000 in principal and $28,000,000 interest) in order to build a new K-12 facility. $56,000,000 is the minimum because there are still unfunded aspects associated with the new school proposal, plus it is not too hard to imagine a scenario where we get 80% into construction and learn that we have to spend millions more to finish the project. It has already been realized that the school failed to plan for sidewalks to the school, applying post plan for a grant (applying for a grant does not mean funding has happened) to help pay for one along the football field, and having nothing planned for kids coming from the Brooklyn area. This huge amount of money and the associated tax burden is in addition to any existing or planned increases in taxes at the city, county, state, or federal level. The combined tax burden could cripple the local economy while providing no long term economic or academic achievement benefit. Once approved, WE are on the hook for at least $56,000,000, no matter what else happens. If the state changes the 55% formula going forward (the state recalculates their share every year based on total property tax values in the district with the unguaranteed 55% being the maximum they will pay), or enrollment declines, or we see big increases in other taxes and fees, or the economy continues to struggle, or the tax base shrinks, or whatever; WE must pay back $56,000,000. If the bond is approved, we lose all flexibility going forward.

Let’s say that everything goes perfectly! There are no cost overruns in the construction, the maze of necessary additional sidewalks is 100% paid by grant money, the state never reduces the 55% funding share, and the tax base does not decline. The absolute best case removes $1,200,000 from the local economy each and every year for the next 20 years with little or no economic return or, even more importantly, any academic benefit that gives our students a greater competitive advantage in a world-wide economy.

There are those who subscribe to the “build it and they will come” theory of economic growth. Unfortunately, this is just wishful thinking. Surveys of all different types of business on which factors are most important in determining locations to expand or relocate their businesses all reported the same results. The number one and number two factor .....
[Read the Rest]
Foods Weekly Ads

Name released for Level 3 predatory offender relocating to Rushford area

Mon, Oct 6th, 2014
Posted in Peterson Police Reports

On October 8, 2014, there will be a Community Notification Meeting in the Gymnasium at the Rushford-Peterson High School in Rushford. Representatives from the Department of Corrections, Rushford Police Department, and the Fillmore County Sheriff’ ..... 
[Read the Rest]

Peterson council addresses County 25 concerns

By Kirsten Zoellner

Mon, Sep 29th, 2014
Posted in Peterson Government

With another packed house, Wednesday, September 24, the Peterson council attempted to iron out project details, cost, and funding concerns regarding the 2015 County State Aid Highway 25 reconstruction. Discussion has been contentious at times, as th ..... 
[Read the Rest]

Rushford-Peterson Homecoming 2014

Mon, Sep 22nd, 2014
Posted in Peterson Education

The Rushford-Peterson Schools will celebrate Homecoming 2014 the week of September 22-27. The Presentation of the Royalty and the naming of the King and Queen will take place at an all-school assembly September 23rd at 2:30 pm in the High School gy ..... 
[Read the Rest]

Rushford - Peterson discusses open meeting in preparation for forums

By Kirsten Zoellner

Mon, Sep 15th, 2014
Posted in Peterson Education

Due to several upcoming public forums, the R-P district has sought legal advice on regulations regarding to open meeting law. The district has been advised to follow protocol for published notice, as it does with board meetings, so regardless of whe ..... 
[Read the Rest]

Peterson’s County 25 hearing draws full house

By Kirsten Zoellner

Mon, Sep 15th, 2014
Posted in Peterson Government

The County 25 assessment policy adopted in April and estimated assessments have gone out to property owners. Expected is a full reconstruction on the county state aid highway, including curb, gutter, catch basins, and sidewalks, as well as the water ..... 
[Read the Rest]

Peterson clarifies zoning; considers development

By Kirsten Zoellner

Mon, Sep 1st, 2014
Posted in Peterson Government

The city of Peterson continues to iron out potential issues within its zoning ordinance, particularly as it relates to the adopted Minnesota Basic Code. At the Wednesday, August 27 meeting, the council formally approved the updated basic code editio ..... 
[Read the Rest]

City of Peterson - Public Notice

Mon, Aug 25th, 2014
Posted in Peterson Legals

Notice is hereby given that the city council of the City of Peterson will meet in the council chambers of the city hall at 118 Fillmore St. at 7:00 p.m. on September 10, 2014, to consider the making of Improvement No. 2015-1, an improvement on CSAH 2 ..... 
[Read the Rest]

City of Peterson - Notice

Mon, Aug 25th, 2014
Posted in Peterson Legals

The City of Peterson Council has approved a change of MONTHLY MEETINGS to the 2nd and 4th Wednesday of each month to enable the Council to do business more effectively. Future council meetings in the Peterson City Hall at 7 p.m. will be: August ..... 
[Read the Rest]
<< | < | 2 | 3 | 4 | 5 | 6 | > | >>
Studio A Photography