It was obvious from a recent post on Urban Renewal funding that many people think URA money does not come from property taxes, but that could not be further from the truth. URA money is derived by the process of Tax Increment Financing, which is a funneling scheme to skim tax dollars from other taxing districts, like the school, the college, and the city as well. That way the tax payers do not notice the small increment that is missing, because it takes a long time before the deleterious effects of the scheme is realized. The city will tell the people that it does not cost anything to the city, but the city has to pay about 30% of the UR debt. The rest comes from nine other taxing districts that are suppose to provide necessary basic services to the people, so attend the Coos Bay budget meeting to learn the process....Rob T.
The City’s Budget Committee meeting has been rescheduled from April 11th to April 13th. The meeting to review the proposed budget for the 2017/18 budget year which covers the period of July 1, 2017 – June 30, 2018 is scheduled to begin at 6:00 pm, and it will be held in the Council Chambers at City Hall. The proposed budget can be found on the City’s website or by clinking on the following: City Budget or URA Budget