Submitted by Larry Littlefield, Jul 23, 2007 08:08

Real estate transfer taxes will NOT continue to roll in at these inflated levels. If the city wants to cut taxes, it should take the surplus and use it to pay off debts, among other things cancelling the debt refinancing now being advertized on the radio. Typically, ads for city bond sales mention "important projects like roads, schools and parks." This ad said the original bonds were used for these purposes, without mentioning a purpose for the new bonds. And not without reason.

Pay down debts, and permanently cut taxes by the amount of interest that will not have to be paid. Rather than temporarily cut taxes until those the pols care about have left the city or passed on, leaving the rest of us paying more for less.

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