"Where Fillmore County News Comes First"
Thursday, March 5th, 2015
Volume ∞ Issue ∞
- 11:29:56, Mar 4th 2015 - SV 78 - OK fine we live by natural law. How does that apply to homosexuality? ... [Read More]
- 6:39:18, Mar 4th 2015 - disappointed - DOC.....WHY DO U THINK I WORK AT MAYO? BELIEVE ME WHEN MY CHILD GRADUAT ... [Read More]
- 11:11:29, Mar 3rd 2015 - doc - Apparently Harmony Telephone doesn't have billions in cash to spend on internet ... [Read More]
- 7:56:16, Mar 3rd 2015 - Bear - Why does the Journal even print this garbage? I would like to know the drugs t ... [Read More]
- 4:37:50, Mar 3rd 2015 - next - Now let's talk about the idiots who push there snow into the street. Even a 5th ... [Read More]
- 7:24:02, Mar 2nd 2015 - disappointed - I could work from home. But internet is not secure enough ... [Read More]
- 3:43:36, Mar 2nd 2015 - agreed - The cable and internet here is absolutely ridiculous. Harmony residents pay ... [Read More]
- 2:30:46, Mar 2nd 2015 - Be honest - Wood- That is true, but most people won't even spend that. Hopefully, th ... [Read More]
- 10:14:18, Mar 2nd 2015 - Wood - Be Honest, you can ask the Minnesota Information Policy Analysis Division (IPA ... [Read More]
- 6:41:46, Mar 2nd 2015 - gotoutofthere - If the residents would treat the new people with respect maybe they wo ... [Read More]
Do you feel we should give up on observing Punxsutawney Phil to predict the remaining length of winter?
Fri, Oct 11th, 2002
Posted in Letter to the Editor
Posted in Letter to the Editor
The article, "The quest of a remodeled courthouse continues, written by Kimberly Barnhart stated, "Commission-ers approve TIF extension for Rushford" (September 30, 2002), "The city of Rushford is in trouble, facing a financial shortfall of almost one million dollars." The statement is inaccurate and completely mischaracterizes the situation. The city is not in trouble. I'm sure that line was an attention-getter but it's not true. Perhaps Ms. Barnhart should have asked to see a copy of our latest audit report before making a statement like that. I will be happy to send her one so she can have the facts.
The "shortfall" being addressed is $800,000 and is due entirely to the State of Minnesota's change in real estate tax property class rates and property tax reform. When the 1993 Tax Increment bond was issued there was a reasonable expectation that the tax income property tax collections would retire the bonds on schedule. The State changed the rules in the middle of the game and we will have to refinance part of the bond issue in 2005. I testified before one of the House committees and one committee in the Senate. Our bill was passed by the legislature, giving us permission, subject to County and School District agreement, to extend our Tax Increment district's life by two years. We project that this will raise about $100,000 per year to be applied to the outstanding bond. The remaining balance of the bond will be refinanced and things will go on as usual. Mayor Ted Roberton Rushford, MN