Wednesday, April 05, 2006

SEWER MONEY WE DON'T HAVE!

Why does Sewer Board attorney Greg Fifer want to spend sewer money we don't have?

April 5th-Tribune

"Fifer said he'd recommend to Mayor James Garner and city attorney Shane Gibson that the administration hire a specialist in municipal finance laws to advise it on what sources of money can be used to increase sewer-utility income and pay bonds."


Councilman Bill Schmidt passed out copies of the Baker & Daniels Manual of Local Government Funding Sources. At the monday night Council Meeting. Councilman Schmidt stated that this manual said that TIF money can be used to Fund Sewers.

Also that a member of the Baker & Daniels firm has offered to come to New Albany to discuss TIF funding with the Council at "No Charge" to the city.


Freedom Of Speech would like to ask why would you pay for this financial information when another firm has offered to present this information at no charge?