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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Knighty Tin who wrote (203678)11/9/2002 12:59:13 PM
From: Joan Osland Graffius  Read Replies (2) of 436258
 
KT,

I agree with you on taxes for property. During the depression no one ever expected to buy property for less than taxes owed. My grandmother would harness up her favorite horse and take her buggy with the surrey on top and take a trip (20 some miles) every month to the court house to see what land she could buy for taxes.

The muni debt that I see will have problems is the binge these cities have been on building the coliseums for sports, museums, etc. Minneapolis is defaulting on the bonds for the Target Center as we speak. The boys have been building non stop here at the airport during the 1990's and now we are closing down one of the terminals - I am assuming the taxes will be paid as they will increase gate prices if required to pay the taxes.

I would like to know when in the heck these state and city leaders are going to start cutting spending and get themselves down to bare bones organizations.
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