New Poll for Financial Crisis solutions

[Arch]

Please share your thoughts:


ipsd204.proboards.com/index.cgi?action=display&board=difin&thread=2836&page=1

[southsidesignmaker]

I would start by notching down the rhetoric "Financial Crisis", hardly. Many districtsare or will be in crisis mode shortly, for our district I would call this 4% shortfall a wake up call.

[Arch]

Extrapolate the 'shortfall' out a few more years. . . Yup. Woops.

[doctorwho]

Oct 7, 2009 9:58:58 GMT -6 southsidesignmaker said:

I would start by notching down the rhetoric "Financial Crisis", hardly. Many districtsare or will be in crisis mode shortly, for our district I would call this 4% shortfall a wake up call.

considering it's 3 times their own original forecast and their forecast includes the possibility of be over $70M in the hole 4 years from now- is that a wake up call or a crisis ?

not counting the fact that we had no reason to be here - expedite costs on MV alone pushed this to where it is..

so what may seem hyperbole to you..remember the other way to view this would be like Captn Edward Smith saying " it's only a little ice "

[macrockett]

Oct 7, 2009 9:58:58 GMT -6 southsidesignmaker said:

I would start by notching down the rhetoric "Financial Crisis", hardly. Many districtsare or will be in crisis mode shortly, for our district I would call this 4% shortfall a wake up call.

This is just the beginning of the wake up call SSSM. I conservatively estimate we will have to cough up about $30 million more in taxes on a permanent basis every 4 years unless things change.

I suggest you take another look at the projections from Dec 2008 done by PMA. winsome.cnchost.com/MAC/PMAProjections12-8-08.pdf

The projections I received per my FOIA also differ from the above in impact. winsome.cnchost.com/MAC/D204_Financial_Projections_for_2010_2014.pdf

This stuff isn't rocket science and no one should underestimate the impact in the coming years.

Whether it is in our taxes due to inflation or by referendum, unchecked it will start getting painful for many D204 taxpayers. Sooner or later there will be push back where choices have to be made.

When you examine the impact of an issue like this you don't look at the median. You look at the impact on the margins. And even in Naperville there are those at the margins.

It is my understanding there is a PMA update coming soon.