Well-well, read 'em and weep:
Just slide that stack of poker chips over now:
"It was almost like they were an independent nation out there, with
**********no accountability**************
to the taxpayers," Schillerstrom said.
That has changed, he said.
The
*********** Airport Authority now collects about $6.5 million annually
in realestate taxes--about 20 percent of its $29.9 million a year
budget. **************
Over $10 from each person, child, senior, invalid, in the county-JG
None
of the property-tax revenue is used to pay airport operating costs.
Instead, the funds are used to retire debt.
The $12.8 million in long-term debt is scheduled to be paid off in
2007, at which time the property-tax levy could be cut in half, Goodwin
said.
COULD, like, maybe or if you say pretty please. Here comes a BUT, oh
a hangar for the pretty planes.
But the airport expects to borrow money to finance the construction of
a hangar addition. Goodwin said he is cautious about promising to
eliminate the need for property-tax funds until the airport is
debt-free and until a proposed high-technology research center on
airport-owned land along Roosevelt Road and Fabyan Parkway begins
generating revenues for the authority.
(SO, don't bet the kids college tuition on it. The TECH PARK
is a JOKE, miles away from the tollway and high office vacancies
already.-JG)
But for the first time, officials say, it ****appears*** that operating
revenues from hangar leases, the sale of aviation fuel and other fees
are enough to cover the day-to-day costs of running the airport.
****** Again with the APPEARS ****** do they cover or not?
Anyways, Vamanos!
(ALOT of Maybes, and It Appears)
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