Financial storm gloomier than originally forecast.Byline: City Beat / Springfield by Matt Cooper Matt Cooper may refer to:
YOU KNOW it's trouble when the numbers come in even lower than your own cautious estimates. The city had planned for 5 percent growth in its assessed property value this year - that would have netted $12 million in taxes off an assessed value of $2.62 billion, Finance Director Bob Duey said. The 5 percent projected growth is conservative - typically the growth is 6 percent, he said. But here's the kicker Kicker A right, warrant, or some other feature added to a debt instrument to make it more desirable to potential investors. Notes: The ability to trade a bond or other debt instrument in for stock may entice investors, if they feel the stock will appreciate. - the growth that Lane County reported for Springfield is a meager mea·ger also mea·gre adj. 1. Deficient in quantity, fullness, or extent; scanty. 2. Deficient in richness, fertility, or vigor; feeble: the meager soil of an eroded plain. 3. 2.53 percent. That means $280,000 that the city won't see. "It's big enough that we will probably end up discussing whether we should take any immediate action to negate ne·gate tr.v. ne·gat·ed, ne·gat·ing, ne·gates 1. To make ineffective or invalid; nullify. 2. To rule out; deny. See Synonyms at deny. 3. the loss of revenue," Duey said. "Otherwise, we have to consider taking it out of reserves and that may not be the best option." More worrisome for Duey is the trend; in next year's budget, the additional shortfall would be $500,000, he said. The news was the same for the Willamalane Park and Recreation District. "We'll be needing to use about $89,000 in reserves to cover the existing level of service," Superintendent Bob Keefer said. "Nothing to panic over, but if the trend continues we will have to reduce the level of service." Why the unexpected drop? It's complicated, but it involves state Measures 47 and 50, which rolled back assessed property value and limited its growth in 1997, and forevermore for·ev·er·more adv. Forever. Adv. 1. forevermore - at any future time; in the future; "lead a blameless life evermore" evermore . "Measure 50 has made the assessment of taxation more complicated to understand," Duey said. "(Lane County Assessor Jim Gangle) has offered to meet with us all next week to help us understand what's going on What's Going On is a record by American soul singer Marvin Gaye. Released on May 21, 1971 (see 1971 in music), What's Going On reflected the beginning of a new trend in soul music. . His office indicated this looked more like a countywide trend." Smoke alarm If you've got a wood stove, pellet stove A pellet stove is an appliance that burns compressed wood or biomass pellets to create a source of heat for residential and sometimes industrial spaces. By slowly feeding fuel from a storage container (hopper) into a burn-pot area, they create a constant flame that requires little or fireplace, you might want to familiarize yourself with the word "opacity Refers to being "opaque," which means to prevent light from shining through. For example, in an image editing program, the opacity level for some function might range from completely transparent (0) to completely opaque (100). ." That means "the state of being opaque," which, in this case, refers to the smoke that comes from such fuel-heating devices. Officials want to limit that amount. The City Council on Monday will host the Lane Regional Air Pollution Authority, which wants the city to amend sections of the municipal code to prohibit the burning of garbage and bring the code in line with federal air pollution standards. The amendments would stop the burning of garbage in wood stoves, pellet stoves and fireplaces, and establish "opacity limits" for the smoke. LRAPA LRAPA Lane Regional Air Protection Agency (formerly Lane Regional Air Pollution Authority) says the cost to the city should be nil. The issue is quality-of-life for people with woodstoves and fireplaces - and neighbors unhappy with the smoke. The changes could help resolve "neighborhood complaint situations," LRAPA says. Cop talk For the police, the issues are three: staffing needs, a better facility and high property crime. That's a rough synopsis of the presentation that the Police Planning Task Force will make Monday to City Council members, in hopes of support for the group's long-range police plan. For now, the staffing question is up to the voters: Measure 20-76, if approved Nov. 5, would pay for eight officers, five community service officers and other per- sonnel. As far as a facility is concerned, the task force found that the current building at 344 A St. is crowded, structurally poor and actually impedes operations. But Chief Jerry Smith Jerry Smith may refer to the following people:
Where crime is concerned, the city continues to grapple with to enter into contest with, resolutely and courageously. See also: Grapple the highest ranking in the state for thefts and other property crimes. "It's just information to be aware of," Smith said. "There are some ways to attack those issues, but you're talking about funding. This is a check-in to let the council know what (the task force) has been working on, what they're seeing." Springfield reporter Matt Cooper can be reached at 338-2317 or by e-mail at mcooper@guardnet.com CAPTION(S): CITY BEAT / SPRINGFIELD Matt Cooper |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion