The city wants to increase its “maximum indebtedness” from $5 million to $12 million and extend that debt all the way out to 2033. A debt of this magnitude will cause serious erosion in the funding of the county’s basic amenities, and the effect of this drainage will cause several other overlapping taxing districts to either raise taxes, or cut basic services.
The city needs the commissioner’s approval, because the city’s urban renewal agency siphons money from the tax dollars collected for the county. This decision will happen at the next regularly scheduled Coos County Board of Commissioners Meeting, Tuesday, November 22nd, at 9:30 a.m. in the County Court House. If you were still on the fence about this issue, then this is the meeting to attend. And if it is not informative---then, at the very least, it should be entertaining.
I will be presenting the argument against Urban Renewal and this particular increase. The Bandon City Manager will be arguing in favor of continuing to increase the urban renewal debt and the passage of the Bandon Resolution.