Post in Minneapolis Pension Levies

Mar 27 03:38 UTC

As usual, Carol explains a complicated topic in easy to understand terms.
  Pleased you are one of our 2 directly **Elected** officials on our
independent Board of Estimate and Taxation.  It would be a shame for the city
to take over its functions...particularly the independent AUDIT function.

  At the last park board meeting it was mentioned that the BET also serves as a
check and balance by establishing limits on property taxes.

  Would you clarify another point?

  How much pension money is coming from our Legacy(Hilton) fund? Is the
accounting for that separate from the NRP common project transfers to the
Legacy fund?  Will the pension payments draw down the Fund balance, decrease
discretionary development funds...then requiring more transfers of
NRP/neighborhood money?  Will the city Legacy fund pay back the transfers to
the NRP common project for neighborhood projects? I don't think the state
legislation intended for this use of funds when the Tif's were established for
neighborhood improvement.

  Thanks for the posts and for your service on the BET.
  best wishes,
  cheryl luger
  Nokomis East

I never wonder to see men wicked, but I often wonder
to see them not ashamed.
                     --- Jonathan Swift