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	<title>Ellen Smith for Oak Ridge &#187; Tennessee state issues</title>
	<atom:link href="http://ellensmith.org/blog/category/tennessee-state-issues/feed/" rel="self" type="application/rss+xml" />
	<link>http://ellensmith.org/blog</link>
	<description>I&#039;m Ellen Smith, member of the Oak Ridge City Council. Thank you for visiting my blog and reading my views on public and private life in and around Oak Ridge, Tennessee. This website is my own; content here does not represent the official policies or views of the City of Oak Ridge. To add your own comments, click on the topic title to open a comment box. To read posts about a particular topic, scroll down to &#34;Categories&#34; (in the sidebar) or use the &#34;Search&#34; box in the sidebar. Look under &#34;Archives&#34; to see collections of past posts organized by date.</description>
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		<title>HB 0368/SB 0893 is harmful to the interests of Oak Ridge and Tennessee</title>
		<link>http://ellensmith.org/blog/2012/03/19/hb-0368sb-0893-is-harmful-to-the-interests-of-oak-ridge-and-tennessee/</link>
		<comments>http://ellensmith.org/blog/2012/03/19/hb-0368sb-0893-is-harmful-to-the-interests-of-oak-ridge-and-tennessee/#comments</comments>
		<pubDate>Mon, 19 Mar 2012 16:17:02 +0000</pubDate>
		<dc:creator>Ellen Smith</dc:creator>
				<category><![CDATA[Tennessee state issues]]></category>
		<category><![CDATA[The Big Picture]]></category>
		<category><![CDATA[anti-evolution]]></category>
		<category><![CDATA[anti-science]]></category>
		<category><![CDATA[creationism]]></category>
		<category><![CDATA[economic development]]></category>
		<category><![CDATA[Ken Yager]]></category>
		<category><![CDATA[Randy McNally]]></category>
		<category><![CDATA[teaching science]]></category>
		<category><![CDATA[tennessee general assembly]]></category>
		<category><![CDATA[tennessee senate]]></category>

		<guid isPermaLink="false">http://ellensmith.org/blog/?p=752</guid>
		<description><![CDATA[My email to State Senators Randy McNally and Ken Yager: 
As a scientist and an elected official in the city of Oak Ridge, which trades on its scientific reputation, I urge you both to vote against SB 0893, the &#8220;critical thinking&#8221; bill.
Professional science teachers and the scientific community as a whole correctly interpret this as [...]]]></description>
			<content:encoded><![CDATA[<p><em>My email to State Senators Randy McNally and Ken Yager: </em></p>
<p>As a scientist and an elected official in the city of Oak Ridge, which trades on its scientific reputation, I urge you both to <strong>vote against <a title="Tennessee General Assembly bill SB0893" href="http://wapp.capitol.tn.gov/apps/BillInfo/Default.aspx?BillNumber=SB0893" target="_blank">SB 0893</a></strong>, the &#8220;critical thinking&#8221; bill.</p>
<p>Professional science teachers and the scientific community as a whole correctly interpret this as a bill to legitimize the teaching of creationism, intelligent design, and other non-science-based worldviews as science, by relabeling the real science as &#8220;debate&#8221;. (Science teachers already can and do discuss the fact that scientific teaching may be at odds with what children have learned at home or in Sunday school &#8212; passing a new law won&#8217;t help them.)</p>
<p>Mere discussion of this proposed legislation is making Tennessee a laughingstock in the scientific community, both nationally and globally. Passing it will do real harm to the ability of Oak Ridge and the state of Tennessee to continue to represent ourselves as leaders in science and technology. Please vote against this, in the interest of the economic future of the city of Oak Ridge and the state of Tennessee.</p>
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		<item>
		<title>Voter identification requirements in Tennessee</title>
		<link>http://ellensmith.org/blog/2012/01/23/voter-identification-requirements-in-tennessee/</link>
		<comments>http://ellensmith.org/blog/2012/01/23/voter-identification-requirements-in-tennessee/#comments</comments>
		<pubDate>Mon, 23 Jan 2012 22:06:11 +0000</pubDate>
		<dc:creator>Ellen Smith</dc:creator>
				<category><![CDATA[Life in General]]></category>
		<category><![CDATA[Tennessee state issues]]></category>
		<category><![CDATA[elections]]></category>

		<guid isPermaLink="false">http://ellensmith.org/blog/?p=733</guid>
		<description><![CDATA[This is  &#8220;to all Tennessee voters&#8221; from the League of Women Voters of Oak Ridge:
A new law passed by the Tennessee State Legislature requires that registered voters present a GOVERNMENT ISSUED photo identification in order to vote.  There are about 500,000 Tennessee citizens who do not have a valid photo ID and will [...]]]></description>
			<content:encoded><![CDATA[<p>This is <strong> &#8220;to all Tennessee voters&#8221;</strong> from the League of Women Voters of Oak Ridge:</p>
<p>A new law passed by the Tennessee State Legislature requires that registered voters present a GOVERNMENT ISSUED photo identification in order to vote.  There are about 500,000 Tennessee citizens who do not have a valid photo ID and will be turned away from the polls, if they come to vote.  Of these about 130,000 registered Tennessee voters do NOT have a photo on their driver&#8217;s license.  Registered voters who do NOT have a photo on their driver&#8217;s license or a passport (an expired license or passport will do) or other government issued photo ID, may visit their local Department of Motor Vehicles OR their County Clerk for a free photo ID, (by the way, a college ID or other non-government issued ID will not be accepted).  If you need assistance with this issue, contact the League of Women Voters of Oak Ridge at telephone: 865.685.5989 and E-mail:  lwvor@comcast.net.  Elections in 2012 are March 6, August 2, and November 6.</p>
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		<item>
		<title>Government transparency meets technology limitations</title>
		<link>http://ellensmith.org/blog/2012/01/07/government-transparency-meets-technology-limitations/</link>
		<comments>http://ellensmith.org/blog/2012/01/07/government-transparency-meets-technology-limitations/#comments</comments>
		<pubDate>Sun, 08 Jan 2012 04:27:47 +0000</pubDate>
		<dc:creator>Ellen Smith</dc:creator>
				<category><![CDATA[Tennessee state issues]]></category>
		<category><![CDATA[disclosure forms]]></category>
		<category><![CDATA[financial interests]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Tennessee Ethics Commission]]></category>
		<category><![CDATA[transparency]]></category>

		<guid isPermaLink="false">http://ellensmith.org/blog/?p=696</guid>
		<description><![CDATA[Today I went online to file my annual &#8220;Statement of Interest&#8221; with the Tennessee Ethics Commission, but found myself colliding with a dysfunctional software interface. The Statement of Interest is supposed to provide some transparency in Tennessee government. All elected officials and candidates for elected office are required to disclose their financial interests and those [...]]]></description>
			<content:encoded><![CDATA[<p>Today I went online to file my annual &#8220;Statement of Interest&#8221; with the Tennessee Ethics Commission, but found myself colliding with a dysfunctional software interface. The Statement of Interest is supposed to provide some transparency in Tennessee government. All elected officials and candidates for elected office are required to disclose their financial interests and those of spouses and minor children, including sources of income, investments, and loans.</p>
<p>There&#8217;s a <a title="Tennessee Ethics Commission Statements of Disclosure" href="http://apps.tn.gov/conflict/" target="_blank">website</a> where officials can file their disclosures and where anybody can see the reports that have been filed. In the past, my biggest challenge in filing was remembering my user ID and password. This year, I was able to dredge them up and log in, only to find that there is no visible mechanism for me to &#8220;File a Statement&#8221; (the help page says I should click on a button with that label, but I can&#8217;t see any such button). I can see my reports from past years, and apparently I could amend my report for last year, but I can&#8217;t file a new report for 2012, which state law requires me to do before January 31. Technology, including the Internet, smart phones, and social media, is a marvelous tool for improving government transparency and enhancing interaction between citizens and government, but it can be easily defeated by apps that don&#8217;t work properly. I see that a few other area officials have managed to file 2012 disclosures, and I&#8217;ve sent an email to Nashville to describe my problem, so I&#8217;m hopeful that my problems will be resolved well before the filing deadline.</p>
<p>Looking at the instructions for filing (which are a lot more detailed and informative than they were when I had to file a disclosure, several years ago) and looking at other officials&#8217; reports, I&#8217;m led to think that it was far easier to pass a law mandate disclosure than it has been to implement it. Regarding income and investments, the original statute (about the only guidance we had the first year I filled this in) is fairly vague:</p>
<p style="padding-left: 60px;"><strong>8-50-502.  Disclosure statements &#8212; Contents. </strong></p>
<p style="padding-left: 30px;">Disclosure shall be made of:</p>
<p style="padding-left: 30px;"><strong>(1)</strong> The  major source or sources of private income of more than one thousand  dollars ($1,000), including, but not limited to, offices, directorships,  and salaried employments of the person making disclosure, the spouse,  or minor children residing with such person, but no dollar amounts need  be stated. This subdivision (1) shall not be construed to require the  disclosure of any client list or customer list;</p>
<p style="padding-left: 30px;"><strong>(2)</strong> Any  investment which the person making disclosure, that person&#8217;s spouse, or  minor children residing with that person has in any corporation or  other business organization in excess of ten thousand dollars ($10,000)  or five percent (5%) of the total capital; however, it shall not be  necessary to state specific dollar amounts or percentages of such  investments;</p>
<p>In contrast, the <a title="Tennessee State Statement of Disclosure of Interest Help and FAQs" href="http://apps.tn.gov/conflict/help.html" target="_blank">current guidance on the website</a> is far more specific &#8212; and includes some items not obviously included in the statute. For example, the guidance now defines &#8220;private income&#8221; as a long list of items, including  bank interest, stock dividends, honoraria, research grants, royalties, and &#8220;retirement income&#8221; (pensions and annuities) &#8212; none of which are obviously indicated by the language of the statute. Skimming through the disclosures filed by other officeholders in our local area, I concluded that it has been confusing for people to figure out what to report &#8212; for example, a couple of people who everyone knows to be receiving pensions did not mention their pensions on their forms, very likely because &#8220;retirement income&#8221; wasn&#8217;t on the list the first time they filed the form.</p>
<p>I guess that &#8220;transparency&#8221; works only as well as the guidance &#8212; and, in 2012, the software.</p>
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		<title>YES to household energy efficiency, NO to imposters taking advantage of TVA program</title>
		<link>http://ellensmith.org/blog/2010/08/09/yes-to-household-energy-efficiency-no-to-imposters-taking-advantage-of-tva-program/</link>
		<comments>http://ellensmith.org/blog/2010/08/09/yes-to-household-energy-efficiency-no-to-imposters-taking-advantage-of-tva-program/#comments</comments>
		<pubDate>Mon, 09 Aug 2010 14:48:10 +0000</pubDate>
		<dc:creator>Ellen Smith</dc:creator>
				<category><![CDATA[Greening the city]]></category>
		<category><![CDATA[Life in General]]></category>
		<category><![CDATA[Tennessee state issues]]></category>
		<category><![CDATA[sustainability]]></category>
		<category><![CDATA[TVA]]></category>

		<guid isPermaLink="false">http://ellensmith.org/blog/?p=461</guid>
		<description><![CDATA[It&#8217;s great news for local homeowners that the Tennessee Valley Authority (TVA) is promoting home energy efficiency through in-home energy evaluations and rebates for certain kinds of energy improvements. Details are on the TVA website (and there are also tax credits available for work done this year). I guess I shouldn&#8217;t be surprised that unscrupulous [...]]]></description>
			<content:encoded><![CDATA[<p>It&#8217;s great news for local homeowners that the Tennessee Valley Authority (TVA) is promoting home energy efficiency through in-home energy evaluations and rebates for certain kinds of energy improvements. Details are<a title="TVA In-Home Energy Evaluation Program" href="http://tva.gov/ee/in_home_eval.htm" target="_blank"> on the TVA website</a> (and there are also tax credits available for work done this year). I guess I shouldn&#8217;t be surprised that unscrupulous people are taking advantage of this, according to this message from TVA:</p>
<blockquote><p>Recently, TVA was informed of a situation in which an individual falsely posed as a TVA energy evaluator with the In Home Energy Evaluation (IHEE) program pilot.  The imposter gained access to the customer’s home but did no harm.  In efforts to prevent this situation going forward, we are asking you notify your customers of this situation and communicate to them that TVA-certified evaluators will not visit homes without pre-scheduling evaluations.  TVA is adding the following language to all versions of the IHEE fact sheet as well as the TVA website.</p>
<p>In-home evaluations are scheduled in advance at the request of a homeowner and performed by TVA-certified evaluators. Residents should report any uninvited persons claiming to represent TVA or the local power company to local authorities immediately.</p>
<p>Please share this information with your customers as soon as possible.  If you have any questions or need my assistance, please let me know.  Thank you for your continued participation and support.</p>
<p>Tom Irwin<br />
Senior Power Utilization Engineer<br />
TVA Comprehensive Services</p></blockquote>
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		<title>Governor Bredesen&#8217;s education initiative</title>
		<link>http://ellensmith.org/blog/2010/01/13/governor-bredesens-education-initiative/</link>
		<comments>http://ellensmith.org/blog/2010/01/13/governor-bredesens-education-initiative/#comments</comments>
		<pubDate>Thu, 14 Jan 2010 02:05:17 +0000</pubDate>
		<dc:creator>Ellen Smith</dc:creator>
				<category><![CDATA[In the News]]></category>
		<category><![CDATA[Tennessee state issues]]></category>
		<category><![CDATA[education]]></category>
		<category><![CDATA[tennessee general assembly]]></category>

		<guid isPermaLink="false">http://ellensmith.org/blog/?p=359</guid>
		<description><![CDATA[E-mail from State Representative Jim Hackworth&#8217;s office urged me to read the proposals that Governor Bredesen presented to the General Assembly yesterday (here&#8217;s the press release) and give him my views. Education is not one of the topics I typically contact my legislators about, but the governor&#8217;s proposal to transform the state&#8217;s education system has [...]]]></description>
			<content:encoded><![CDATA[<p>E-mail from State Representative Jim Hackworth&#8217;s office urged me to read the proposals that Governor Bredesen presented to the General Assembly yesterday (<a title="BREDESEN URGES SWIFT PASSAGE OF EDUCATION INNOVATION PLAN" href="http://news.tennesseeanytime.org/node/4426" target="_blank">here&#8217;s the press release</a>) and give him my views. Education is not one of the topics I typically contact my legislators about, but the governor&#8217;s proposal to transform the state&#8217;s education system has gotten my attention, so I wrote to Rep. Hackworth about a couple aspects of the proposal:</p>
<p>The state&#8217;s education system is embarrassingly poor &#8212; and it&#8217;s in everyone&#8217;s interest to improve it. (Not only does it limit the next generation&#8217;s horizons as individuals, but it hurts the whole state economically.)</p>
<p>Tennessee&#8217;s kids aren&#8217;t stupid, but too many of them are not learning effectively. I think that a large part of the problem is that our citizens as a whole do not place high enough value on education. A new government program can&#8217;t overcome that attitude problem &#8220;overnight&#8221; (or even in 5 years). However, measures to reward teachers for their effectiveness in helping kids learn (regardless of where the kids are educationally when they arrive in the classroom) seem promising as a way to increase the effectiveness of our education system. Go for it!</p>
<p>Additionally, I share the governor&#8217;s view that our state colleges and universities are letting bureaucratic jealousies get in the way of educating our young adults effectively. If his plan forces them to coordinate and collaborate, it&#8217;s worth a try.</p>
<p>People will get hung up on many of the details of implementing these transformational initiatives (and there&#8217;s good reason to get hung up on some of those details), but it makes sense to commit to these major policy changes quickly (to qualify for the federal incentive) and hassle the details later.</p>
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		<title>DOE radwaste to Tennessee landfills &#8211; next chapter</title>
		<link>http://ellensmith.org/blog/2009/10/31/doe-radwaste-to-tennessee-landfills-next-chapter/</link>
		<comments>http://ellensmith.org/blog/2009/10/31/doe-radwaste-to-tennessee-landfills-next-chapter/#comments</comments>
		<pubDate>Sat, 31 Oct 2009 15:39:45 +0000</pubDate>
		<dc:creator>Ellen Smith</dc:creator>
				<category><![CDATA[In the News]]></category>
		<category><![CDATA[Tennessee state issues]]></category>
		<category><![CDATA[DOE]]></category>
		<category><![CDATA[landfill]]></category>
		<category><![CDATA[radwaste]]></category>
		<category><![CDATA[tdec]]></category>

		<guid isPermaLink="false">http://ellensmith.org/blog/?p=306</guid>
		<description><![CDATA[It turns out that DOE&#8217;s conference call (see previous post) was not really an &#8220;initial public outreach activity&#8221; (other than the fact that  it was their first public outreach on this topic), but rather was a belated damage-control job: the Department wanted to see whether it would be a bad idea to follow through [...]]]></description>
			<content:encoded><![CDATA[<p>It turns out that DOE&#8217;s conference call (see <a href="http://ellensmith.org/blog/2009/10/10/doe-radwaste-to-tennessee-landfills/" target="_blank">previous post</a>) was not really an &#8220;initial public outreach activity&#8221; (other than the fact that  it was their <span style="text-decoration: underline;">first</span> public outreach on this topic), but rather was a belated damage-control job: the Department wanted to see whether it would be a bad idea to follow through with a contract they had already signed.</p>
<p>According to an article in <em>Weapons Complex Monitor</em>, the day after the conference call, DOE canceled a contract with Toxco Inc. Toxco has filed a lawsuit seeking reinstatement of this contract, which DOE entered into earlier this year, under which Toxco&#8217;s Oak Ridge unit was going to do clean-up work at a DOE site in upstate New York, including disposing of some contaminated soil in a Tennessee municipal landfill.  Use of a Tennessee municipal landfill instead of a licensed low-level radioactive waste facility was going to save DOE $750 thousand. The reported value of the contract with Toxco was more than $1.1 million, so I&#8217;m guessing that the total cost of the project with another company that would send all of the waste to a radwaste site is almost $1.9 million. This represented huge savings for DOE, and <em>Weapons Complex Monitor</em> says that in July DOE officials had signed off on the plan to put the waste in a Tennessee landfill.</p>
<p>With this background, I still congratulate DOE for having the good sense to drop the idea, but hearing the rest of the story gives me a lot of concern. The Tennessee Department of Environment &amp; Conservation (TDEC) policy that allows low concentrations of radioactive contamination in some state municipal landfills is well-intentioned but ill-advised. I&#8217;m not saying it&#8217;s a bad idea technically &#8212; radioactivity is naturally present in the environment, and this is material (&#8220;contaminated&#8221; because radioactivity has been added to it) that may be no more radioactive (or even less radioactive) than some natural soil. Also, TDEC requires a risk assessment of each waste stream that is allowed to go to a landfill under its &#8220;bulk survey for release&#8221; rules.</p>
<p>The problem is that federal law does not allow for &#8220;<em>de minimis</em>&#8221; radioactive waste  to be managed except in rad-licensed facilities (the Nuclear Regulatory Commission tried to change it more than 2 decades ago, but dropped the idea after they ran into severe political opposition), and no other state permits this (as far as I know). As a result, it appears that Tennessee is the destination of choice for some rad waste &#8212; this is  cheap and easy place to dispose of lightly contaminated material. Some local businesses are profiting because they serve as middlemen in the transactions between waste generators and Tennessee landfills, but I don&#8217;t think that&#8217;s the kind of business model that this community wants to promote. Although it looks like Toxco&#8217;s contract included some other technical work on the site cleanup (and I&#8217;m sorry that they lost that work), in general I believe that the only economic benefit to Oak Ridge from these waste-to-landfill transactions is that they help a company&#8217;s balance sheet &#8212; there&#8217;s no local tax revenue, and this business probably damages the city&#8217;s reputation. Furthermore, I assume that Tennessee citizens who have tolerated landfills in their &#8220;backyards&#8221; do so because area citizens and  businesses need to get rid of their garbage, not so that Tennessee can take waste from the rest of the country (and possibly the world).</p>
<p>If there is technical merit in allowing lightly contaminated radwaste into landfills, let&#8217;s change the disposal policy at the national level. One state should not be doing this unilaterally. There certainly would be economic benefits to changing that policy, but if DOE and industry can quietly send their waste to Tennessee, where&#8217;s their incentive to lobby for change at the national level?</p>
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		<title>Guns in parks</title>
		<link>http://ellensmith.org/blog/2009/07/15/guns-in-parks/</link>
		<comments>http://ellensmith.org/blog/2009/07/15/guns-in-parks/#comments</comments>
		<pubDate>Wed, 15 Jul 2009 04:07:34 +0000</pubDate>
		<dc:creator>Ellen Smith</dc:creator>
				<category><![CDATA[Oak Ridge Issues]]></category>
		<category><![CDATA[Public safety]]></category>
		<category><![CDATA[Tennessee state issues]]></category>

		<guid isPermaLink="false">http://ellensmith.org/blog/?p=273</guid>
		<description><![CDATA[The issue of guns in municipal parks has aroused a lot of emotion and is generating a lot of e-mail to City Council members. On one side are people are strong proponents of gun rights and residents who believe that having a concealed gun when they are in a public place helps to ensure their [...]]]></description>
			<content:encoded><![CDATA[<p>The issue of guns in municipal parks has aroused a lot of emotion and is generating a lot of e-mail to City Council members. On one side are people are strong proponents of gun rights and residents who believe that having a concealed gun when they are in a public place helps to ensure their safety. On the other side are people who believe that introducing guns into public parks is a threat to public safety.  Among the people I&#8217;ve heard from are friends with strong views on both sides of this issue.</p>
<p>Following is text from a message that I have been sending to people who&#8217;ve e-mailed me on this topic:</p>
<p>The matter of guns in parks is on the agenda for the next City Council<br />
meeting next Monday, July 20.</p>
<p>Guns are currently not permitted in our city parks. A new state law that<br />
allows people with handgun carry permit holders to carry their guns in<br />
public parks will take effect September 1, 2009, and will apply in Oak Ridge<br />
city parks unless the City Council decides by resolution to &#8220;opt out.&#8221;</p>
<p>The &#8220;opt-out&#8221; resolution that City Council will consider next Monday<br />
would maintain the existing ban on guns in our parks, with exceptions<br />
for law enforcement officers, hunters in an authorized hunt (we do have<br />
them in some city areas), World War II re-enactors at Secret City, and<br />
similar exceptions. It would apply to all parks, natural areas,<br />
greenways, and similar properties owned or operated by the city. (Guns<br />
will continue to be banned on school property regardless of what we do.)</p>
<p>I intend to support the opt-out resolution to continue the ban on guns<br />
in our city parks. As I see it, this restriction is not related to a<br />
citizen&#8217;s right to bear arms, but rather is a reasonable restriction to<br />
ensure public safety and allow citizens to feel secure when they use the<br />
city&#8217;s public playgrounds, parks, greenways, and other areas.</p>
<p><strong>Added: </strong>A <a title="News Sentinel: First Creek shooter's gun permit suspended; children were present" href="http://www.knoxnews.com/news/2009/may/07/first-creek-shooter-gun-permit-suspendended/" target="_blank">recent News Sentinel article</a> helps explain why it is that police officers and recreation managers in Tennessee &#8212; and many Oak Ridge citizens &#8212; prefer not to allow handguns in city parks, even in the hands of permittees.  A man with a handgun permit who &#8220;did not seem to be mentally stable&#8221; (according to a Knoxville Police) fired his handgun in a greenway area near where children were playing.  Fortunately, no one was hurt. Charges against the shooter  included  impersonating a law enforcement officer and reckless endangerment, and his handgun permit was suspended &#8220;and will be revoked if he is convicted.&#8221;  It&#8217;s unfortunate but true that the fact that someone passed a background check and went through firearms training is no guarantee of that person&#8217;s future mental stability and responsible handling of firearms.  Yes, he was already violating state law by taking his gun into a public park, but the fact that some people violate laws is not a reason for eliminating those laws.  I believe that telling people like him that it&#8217;s OK to take their guns into parks increases the chances for gun violence in parks &#8212; it certainly does not make people safer.</p>
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		<title>Oak Ridge and the downside of derivatives trading</title>
		<link>http://ellensmith.org/blog/2009/07/08/oak-ridge-and-the-downside-of-derivatives-trading/</link>
		<comments>http://ellensmith.org/blog/2009/07/08/oak-ridge-and-the-downside-of-derivatives-trading/#comments</comments>
		<pubDate>Thu, 09 Jul 2009 03:48:52 +0000</pubDate>
		<dc:creator>Ellen Smith</dc:creator>
				<category><![CDATA[In the News]]></category>
		<category><![CDATA[Oak Ridge Issues]]></category>
		<category><![CDATA[Tennessee state issues]]></category>
		<category><![CDATA[Bass Berry and Sims]]></category>
		<category><![CDATA[City Council]]></category>
		<category><![CDATA[derivatives]]></category>
		<category><![CDATA[Morgan Keegan]]></category>

		<guid isPermaLink="false">http://ellensmith.org/blog/?p=166</guid>
		<description><![CDATA[After headlines earlier this year about Tennessee local governments suffering losses after getting involved in interest rate swaps for their municipal bonds (see New York Times on April 8 and April 10, the Associated Press on April 8, and the Memphis Commercial Appeal and Chattanooga Times-Free Press on April 10 ) people are talking about [...]]]></description>
			<content:encoded><![CDATA[<p>After headlines earlier this year about Tennessee local governments suffering losses after getting involved in interest rate swaps for their municipal bonds (see <a title="Firm Acted as Tutor as It Sold Risky Deals to Towns " href="http://www.nytimes.com/2009/04/08/us/08bond.html?_r=1&amp;pagewanted=all" target="_blank">New York Times on April 8</a> and <a title="Tennessee Failed to Protect Cities in Bond Deals, Governor Says " href="http://www.nytimes.com/2009/04/10/us/10bond.html" target="_blank">April 10</a>, the <a title="Knoxnews: AP story &quot;Complex bond deals haunt Tenn. cities, counties&quot;" href="http://www.knoxnews.com/news/2009/apr/08/state-reviews-morgan-keegan-after-ny-times-inquiri/" target="_blank">Associated Press on April 8</a>, and the <a title="Morgan Keegan defends bond deals" href="http://www.commercialappeal.com/news/2009/apr/10/morgan-keegan-defends-deals/" target="_blank">Memphis Commercial Appeal</a> and <a title="Tennessee: Bond financing puts cities, counties in jam" href="http://www.timesfreepress.com/news/2009/apr/10/tennessee-bond-financing-puts-cities-counties-jam/?local" target="_blank">Chattanooga Times-Free Press on April 10</a> ) people are talking about which other cities and counties are affected and &#8220;can it happen here?&#8221;  The media have reported that Tennessee municipalities were &#8220;educated&#8221; about this form of derivatives by means of<a title="&quot;Interest Rate Swap Risks&quot; page from Tennessee training document" href="http://graphics8.nytimes.com/packages/pdf/us/20090407_bond_doc_p31.pdf" target="_blank"> state-authorized gobbledygook</a> that did not effectively inform them.  Blame for the situation was directed at Morgan Keegan and its First Cumberland Securities subsidiary (municipal bond underwriters),  and <a title="Bass, Berry &amp; Sims law firm" href="http://www.bassberry.com/" target="_blank">Bass, Berry and Sims</a> (law firm acting as municipal bond counsel), which conducted the state&#8217;s education programs on municipal derivatives, advised local governments, and brokered the deals that got local governments involved with the derivatives market. News reports name Claiborne County and the municipalities of Lewisburg and Mt. Juliet as local governments that got hit with hefty bills when their derivatives involvement went sour.</p>
<p>City Council members have learned that Oak Ridge is exposed to the derivatives market, so &#8220;it can happen here,&#8221; but staff expresses confidence that we will be OK. <a title="Complex bond deals haunt cities, counties -- Knox officials say they’re OK; spiking rates hurt others" href="http://www.knoxnews.com/news/2009/apr/09/complex-bond-deals-haunt-cities-counties/" target="_blank">Knox County</a> and Blount County governments have made <a title="County benefits from controversial financial instrument, Maryville Daily Times, April 9, 2009" href="http://www.thedailytimes.com/article/20090409/NEWS/304099977" target="_blank">similar assurances</a>. </p>
<p>The <a title="A look at derivatives approved by Tennessee comptroller" href="http://www.thedailytimes.com/article/20090410/NEWS/904099972" target="_blank">Daily Times of Maryville</a> reported that the City of Oak Ridge was approved to issue $91 million in derivatives and the Oak Ridge Utility District (the natural gas utility) another $4 million. The City&#8217;s actual current exposure is less than that &#8212; a bit  less than $26 million of City borrowing is covered by &#8220;interest rate swaps.&#8221;</p>
<p>As I now understand it (and I probably don&#8217;t understand everything correctly), with &#8220;interest rate swaps&#8221; the city issued bonds with a renegotiable variable rate (subject to the market), but also signed a deal with a bank to guarantee that the city would pay a predictable rate of interest for the entire term of the bonds. If the market rate of interest was higher than the range specified in the contract, the bank would pay the extra interest for us. Also, if the interest rate fell below the guaranteed rate range, the city would continue to pay the higher interest and the bank would pocket the difference between our payments and the amount currently due on the bonds. </p>
<p>An interest rate swap deal ensures predictability in loan payments as long as the bank is a solid financial partner that can hold up its side of the contract. Last year, however, chaos hit the financial system and a lot of banks no longer looked so solid. Although the City of Oak Ridge was still a good credit risk, our variable-rate bonds were &#8220;wrapped up&#8221; in the securities of the bank that had issued the interest-rate swaps, and that bank was suddenly no longer considered a good credit risk. As a result, it might have been difficult to get investors to buy the city&#8217;s bonds for the next variable-rate period. At the same time, if the city had tried to cancel the interest-rate swaps, we would have had to pay a big premium to buy them back &#8212; because the current low interest rates made them a valuable investment for the bank that holds them. </p>
<p>Oak Ridge has avoided crisis by finding another bank (in Belgium, of all places!) to provide a letter of credit (at a cost of 0.9% interest) to make our variable-rate bonds marketable again. Our good credit rating helped us escape the dilemmas that some Tennessee local governments faced when they discovered that their bonds were being treated as &#8220;junk,&#8221; even though the bond issuer was solvent. I feel like we &#8220;dodged a bullet&#8221; this time, but I see this is a lesson on why elected officials like me need to dig for information and try to fully understand whatever we are being asked to approve &#8212; and what we might be getting ourselves into. </p>
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		<item>
		<title>Corrections and update on next phase of Hwy 95 widening</title>
		<link>http://ellensmith.org/blog/2009/05/05/corrections-and-update-on-next-phase-of-hwy-95-widening/</link>
		<comments>http://ellensmith.org/blog/2009/05/05/corrections-and-update-on-next-phase-of-hwy-95-widening/#comments</comments>
		<pubDate>Tue, 05 May 2009 20:12:13 +0000</pubDate>
		<dc:creator>Ellen Smith</dc:creator>
				<category><![CDATA[Greening the city]]></category>
		<category><![CDATA[Hwy 95 project]]></category>
		<category><![CDATA[Oak Ridge Issues]]></category>
		<category><![CDATA[Tennessee state issues]]></category>
		<category><![CDATA[City Council]]></category>
		<category><![CDATA[Hwy 95]]></category>
		<category><![CDATA[TDOT]]></category>

		<guid isPermaLink="false">http://ellensmith.org/blog/?p=186</guid>
		<description><![CDATA[There&#8217;s some favorable news on the turnpike widening project.
City Council members learned last evening that the project was not included as a stimulus project, but is instead expected to be funded in TDOT&#8217;s FY 2010 work plan. That reduces the urgency a bit and gives TDOT a chance to improve the design.
Also, Southwood residents who [...]]]></description>
			<content:encoded><![CDATA[<p>There&#8217;s some favorable news on the <a title="previous blog post" href="http://ellensmith.org/blog/2009/05/04/the-next-phase-of-the-turnpike-hwy-95-widening/" target="_self">turnpike widening project</a>.</p>
<p>City Council members learned last evening that the project was not included as a stimulus project, but is instead expected to be funded in TDOT&#8217;s FY 2010 work plan. That reduces the urgency a bit and gives TDOT a chance to improve the design.</p>
<p>Also, Southwood residents who spoke at the City Council meeting got the Council&#8217;s and staff&#8217;s attention, and I expect that things will be  done to determine the extent of the impacts on that subdivision and look for ways to mitigate the effects.</p>
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		</item>
		<item>
		<title>The next phase of the Turnpike (Hwy 95) widening</title>
		<link>http://ellensmith.org/blog/2009/05/04/the-next-phase-of-the-turnpike-hwy-95-widening/</link>
		<comments>http://ellensmith.org/blog/2009/05/04/the-next-phase-of-the-turnpike-hwy-95-widening/#comments</comments>
		<pubDate>Mon, 04 May 2009 18:20:30 +0000</pubDate>
		<dc:creator>Ellen Smith</dc:creator>
				<category><![CDATA[Greening the city]]></category>
		<category><![CDATA[Hwy 95 project]]></category>
		<category><![CDATA[Life in General]]></category>
		<category><![CDATA[Oak Ridge Issues]]></category>
		<category><![CDATA[Tennessee state issues]]></category>
		<category><![CDATA[EQAB]]></category>
		<category><![CDATA[Highway 95]]></category>
		<category><![CDATA[TDOT]]></category>

		<guid isPermaLink="false">http://ellensmith.org/blog/?p=180</guid>
		<description><![CDATA[People are griping (for example, on the new Sustain Oak Ridge Google group) about the Hwy 95 widening projects (the ongoing one from Illinois Ave. to Westover Drive and the next phase from Westover Drive to the Hwy 58 interchange).  These  are not City of Oak Ridge projects, but are Tennessee Department of Transportation [...]]]></description>
			<content:encoded><![CDATA[<p>People are griping (for example, on the new <a title="&quot;Sustain Oak Ridge&quot; Google group" href="http://groups.google.com/group/sustain-oak-ridge/" target="_blank">Sustain Oak Ridge Google group</a>) about the Hwy 95 widening projects (the ongoing one from Illinois Ave. to Westover Drive and the next phase from Westover Drive to the Hwy 58 interchange).  These  are not City of Oak Ridge projects, but are Tennessee Department of Transportation (TDOT) projects (when complaining about public issues, it&#8217;s useful to know which unit of government you have an issue with), and it&#8217;s clear that the city has little influence over the way TDOT designs and builds its road projects. However, there has been strong city support for completing both of these projects, as they have been on the books for a very long time and they will not only eliminate some hazards but will also result in extending new utility lines (such as water mains) to the west end of the city, including Rarity Oaks, K-25, and Rarity Ridge.</p>
<p>One thing I&#8217;m concerned right now is the design for the next phase. This is a high-priority &#8220;shovel-ready&#8221; economic stimulus project, based on TDOT design work that was completed 9 years ago, so work  is slated to start soon.  TDOT&#8217;s design for this segment calls for a 48-foot wide median and a wide cleared right of way adjacent to both sides of the highway, and extensive cutting and filling to create an elevated roadway &#8212; think of an Interstate highway or the Pellissippi Parkway to imagine what is being planned. The grassed median alone will be wider than the entire current roadway. There will be no more trees to buffer between the Southwood subdivision and the highway or between the cleared properties in the Horizon Center and the highway (someone I know said &#8220;all trees that you can see from the road will be gone&#8221;) and the brick entryway to the Westwood subdivision probably will be removed.</p>
<p>If people don&#8217;t like this (or other details, such as the bike lane on the shoulder), public officials (both city and state) need to hear from you. They&#8217;ve heard from me asking for the design to be scaled back (apparently I was the only one to write a letter to TDOT after the public hearing on the design back in 2000,  and I&#8217;ve communicated more recently to TDOT as a City Council member) and a few others, and the Oak Ridge Environmental Quality Advisory Board (EQAB) recommended that City Council encourage TDOT to change their design from a &#8220;rural&#8221; to an &#8220;urban&#8221; design, but it appears to me that we critics are not being taken seriously.  If others agree with us, they need to speak up. (Opportunties to speak to Council include &#8220;appearance of citizens&#8221; at tonight&#8217;s Council meeting at 7 pm and the City Council Night Out at the Civic Center Tuesday evening from 6 to 8 pm.)</p>
<p>Here is some &#8220;material&#8221; on the subject, starting with the &#8220;guts&#8221; of a message I sent to TDOT&#8217;s regional manager in March of this year:</p>
<p><em>The principal concern that I have (and that I have heard from other residents) is that the overall width of the proposed design, including a 48-ft median and very wide clear zone on both sides of the travel surface, does not appear to be necessary (it greatly exceeds what exists on the higher-traffic segment of Hwy 58 west of the interchange) and will result in excessive environmental impacts, unnecessary construction and maintenance costs, and long-term detriment to efforts to maintain a &#8220;human-scale&#8221; community design that fosters pedestrian travel and community cohesion.</em></p>
<p><em>Environmental impact concerns include:<br />
(1) loss of forest, riparian areas, and probably wetlands in the corridor<br />
(2) noise impacts in residential areas adjacent to the corridor that are currently buffered from the roadway by vegetation that would be lost<br />
(3) increased impacts to water quality and aquatic habitat in East Fork Poplar Creek due to reduction of vegetative buffer, loss of shade, and increased stormwater runoff<br />
(4) possible impacts to flood storage and routing in East Fork Poplar Creek<br />
(5) loss of aesthetic qualities.</em></p>
<p><em>From a cost perspective, I think it is clear that a wider swath increases the costs of both construction and ongoing maintenance. Reducing the width of this project to make it no wider than the segments immediately to the east and west (that is, the Hwy 95 segment currently under construction and the Hwy 58 segment from the Hwy 95 interchange west to the Clinch River) should free up some funds for other uses, both now and in the future.</em></p>
<p><em>There has also been community concern about potential impacts to the &#8220;checking station&#8221; structures (listed on the National Register of Historic Places) on either side of the roadway west of Westover Lane and to the nearby cemetery, but I understand that these features would be protected under TDOT&#8217;s design. Additionally, I told you that residents of the Westwood subdivision (entered at Wisconsin Avenue) are concerned that the project would require removal of the brick &#8220;gate&#8221; structures at the entrance to the subdivision, and you explained that this is unavoidable.</em></p>
<p><em>I recognize that funding priority for this project depends on the availability of an existing design, but I also know that even a &#8220;final&#8221; design often requires many changes, and that it is far less costly and time consuming to change an engineering design than it is to modify a road once it has been built. I believe that the requested modifications to reduce overall project width could be made within the context of the overall design (and thus without jeopardizing the overall project package).  Additionally, I find it frustrating that I and other citizens registered these same concerns (orally and in writing) when a public meeting was held on this project about 8 years ago, but we did not receive responses to our expressions of concern &#8212; and the design remained essentially unchanged. I hope that changes can be made now to improve this project while reducing its costs.</em></p>
<p>* Here&#8217;s the text of TDOT&#8217;s April 8th reply to me:</p>
<p><em>I forwarded your e-mail to the Department&#8217;s Headquarter Design Office for assistance in addressing your concerns regarding the improvement of State Route 95 from State Route 58 to near Westover Drive in Oak Ridge.</em></p>
<p><em>As you are aware, a corridor and design public hearing was conducted on September 21, 2000. A review of the public hearing comments was made on December 27, 2000. Information based on the transcript reveals the hearing was attending by twenty-one people with six people making comments to the court reporter, two making written comments and one letter. You provided the letter and a comment to the court reporter.</em></p>
<p><em>The project has an approved environmental document. The project is designed in accordance with the Department&#8217;s standards and guidelines for a four lane divided facility using the typical sections as proposed in the approved Advance Planning Report. Comments from the public hearing and local government official regarding the addition of bicycle lanes and turn lanes have been incorporated into the present design. The facility will provide a bicycle lane on the roadway shoulders in each direction.</em></p>
<p><em>The typical section utilizing the 48 foot median is the normal typical used for a four lane divided facility. The 48 foot median is provided to allow for separation of opposing vehicles and allows sufficient area at median openings for safe vehicle storage making left turns and u-turns. The clear zone for this roadway is normal for this type of facility and utilizes the roadway shoulder for bicycle lanes. The roadway ditch provides for drainage.</em></p>
<p><em>The section of State Route 95 from Westover Drive to State Route 62 was designed with a narrower typical section because the area was established more urban and densely developed. The design also avoids the historic guard towers &#8220;checking stations&#8221; located near Westover Drive.<br />
</em></p>
<p><em>The Department strives to meet local concerns in the design of roadway projects while following the standards and guidelines established for safety of the motoring public. As the project progresses into the construction phase, opportunities to<br />
improve safety and enhance aesthetics will always be considered.</em></p>
<p>* I don&#8217;t have an electronic copy of EQAB&#8217;s final letter to the City Council, but this draft is pretty close to what the board sent:</p>
<p><em>EQAB has recently learned that the American Recovery and Reinvestment Act of 2009 (ARRA) will provide funds for the Tennessee Department of Transportation (TDOT) to begin construction of Phase 2 of the State Route 95 Highway Improvement Project.  As you may know Phase 2 covers the area from the West Guard Tower near Westover Drive to the SR 95/58 interchange. Members of EQAB reviewed the plans for this project. As a result of our review we would like to share some observations and concerns about this project.</em></p>
<p><em>The design for Phase 2 is based on a standard TDOT rural section design. As proposed it will have a cross section similar to an interstate-class highway with two traffic lanes in each direction, wide shoulders to accommodate bicycles and pedestrians, and a 48-foot depressed median for drainage. This design will result in clearing as much as 250-350 feet of right-of-way prior to construction. We are concerned that this construction will result in the destruction of a large area of natural habitat . At a time when City Council has tasked EQAB with developing a sustainability plan to reduce the city’s carbon footprint and help Oak Ridge become more environmentally friendly, construction of such a roadway is viewed by our board to be wasteful of natural resources and does not set a very good example of our commitment to a more sustainable future. The cost of such the proposed Phase 2 project is also wasteful of monetary resources at a time when these resources are becoming far more  scarce. One reason we believe Phase 2 is wasteful is that Phases 1 and 3, which Phase 2 is sandwiched between, are both significantly more narrow urban sections. A rural section situated between two urban sections has limited benefit to the overall traffic flow patterns in this area.</em></p>
<p><em>Between 30-90 additional acres of forest would be needlessly razed to accommodate the rural highway section versus the urban section. At ~$30K per acre for unimproved buildable land in the West End, the value of this lost land, assuming the area abutting the highway does become completely residential, would be between $1 million and $3 million. This would be an absolute loss, since the commercial value of a deep median is essentially zero. If some of the land along the highway became light commercial instead of residential, the lost value could exceed $6 million.</em></p>
<p><em>The carbon sequestration value of the lost standing timber would be roughly $120-360K.</em></p>
<p><em>The broad shoulders and deep median buy us absolutely nothing, cost the City quite a bit in lost land etc., and cost the State quite a bit more in construction expense as well.</em></p>
<p><em>The members of EQAB are of the opinion that the Phase 2 design is incompatible with the City’s land use plans for the west end of Oak Ridge.  With the development of Rarity Oaks and Horizon Center this area will not remain rural for very much longer.  The build out of Rarity Oaks will ultimately make much of the area adjacent to the south side of the right-of-way residential. Similarly, the planned development at Horizon Center and Parcel ED-6 will bring a mix of commercial, industrial, and various density residential developments to the northern areas.  We believe consideration of these factors necessitates an urban design to ensure compatibility with the future use of this area. An urban design would also be more compatible with non-motorized human users (i.e., bicyclists and pedestrians).</em></p>
<p><em>The original public meeting for the Phase 2 project was held almost nine years ago in September 2000. A lot of things have changed in the intervening years; unfortunately the design for Phase 2 has not been altered to account for or safely accommodate these changes.</em></p>
<p><em>Although we realize this project is being pursued on an accelerated schedule required by the ARRA to secure funding, we believe these concerns warrant a reexamination of the application of a standard design that since it’s first proposal has been superceded by changing conditions on the west end of town.  The members of EQAB believe it would  be to the benefit of the city, its residents, and future growth to explore the possibility of altering the proposed design to the proven, existing urban design that is more compatible with current conditions in the city.</em></p>
<p><em>To accept this project because the money is there to buy an elephant when we only need a horse will not help our community’s effort to establish itself as a sustainable community. </em></p>
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