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Tag: Stephen Cousins

The Camel's Back

By JGillman, Section News
Posted on Wed Aug 22, 2012 at 09:54:05 PM EST
Tags: Stephen Cousins, Kelly Hall, Michigan, Traverse City, Schools, Performing Arts Center, Millage, Luxury, Disconnect, Tax Sales, Beasts of Burden, Taxpayers (all tags)

"The straw that broke that camel's back" perhaps.

That could be the headline when the Traverse City Area Public Schools see their most recent request for millage fall flat on its fat face.

TCAPS is looking for support to continue its Capital Infrastructure Improvement Program through authorization of bond sales that will generate $100 million over the next 10 years. According to TCAPS, the millage rate necessary to repay these bonds will remain below 4 mills. Given the current rate of 3.1 mills, where did the other 29% increase come from? The purpose of these requests must be physical asset based only, and this level of increase must surely be based on some specific need, right?

Of course. The need for a particular feel good wear around the neck kind of thing that says "look at me!"

Luxury.

Continued below the fold

(1 comment, 1318 words in story) Full Story