Some people complained this post was hard to read due to the background colors. I hoped I fixed it.
This is the next or biggest problem the city is going to mess up.
So in the Aug or Sept council meeting Mayor Tuerk is going to ask for 40 million in 3 increments so 120,000,000 million over a 30 year loan. So basically simple math roughly is going to result in approx $175,000,000 in interest!!!! So 300million total. For a police station, fire station, and health bureau none of which will bring any money back to the city. But this is to appease the puppets of the mayor, Chief Agosto, Chief Roca, and Vicky Kistler. All yes men to the mayor. Taxes will have to go up 5-6%. I dont care what anyone says. Just wait. Its coming. Ill give you dummies a tip (fyi not my readers or supporters) , when it comes to these types of projects you are better to rent and take your down payment and roll it over in some CDs or mutual funds every couple years. I like math so, if the city rented a police station and say health bureau for $83k a month which is ridiculously high but just saying, which comes out to $1 million a year. The police and health bureau could both stay in a building for roughly 35 years factoring in rent increases. Why throw all the money up at once??? Dumb. Learn compounding interest not spending it all like the Democratic way then asking for more money the city doesnt have.
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