Monday evening’s City Council agenda included several resolutions to authorize sale of municipal bonds in order to refinance some of the city’s debt at lower rates of interest. (Oak Ridge recently attained a very favorable bond rating, making it possible to borrow at better interest rates than the city was able to get earlier.)
Two weeks [...]
Posts under ‘The Big Picture’
Surrealism in city hall
Comparing property tax rates
Today’s morning newspapers both had articles (Oak Ridger: 13-cent tax hike projected and News Sentinel: Stagnant development behind OR tax increase) describing Steve Jenkins’ presentation at yesterday’s meeting of the City Council Budget and Finance committee, and both reported (based on a table included in Steve’s handouts) that Oak Ridge has the 4th highest [...]
Oak Ridge 4th of July fireworks canceled
I’ve gotten word that the fireworks show planned for tomorrow evening (the 4th of July) has been canceled due to unforeseen problems. Added: See WBIR-TV for details.
The City of Oak Ridge has procured the fireworks, so the show will go on some time later this year.
Added July 3, 2008: Lest anyone is confused, [...]
Why Crestpointe won’t prevent people from continuing to shop at Turkey Creek
Tim Holt has submitted a letter to the editor about a statistical analysis of shopping centers. This post is borrowed/modified from his to-be-published letter…A 1996 paper by by two university researchers, published in the Journal of Real Estate Research, examined the question: “How Critical Is a Good Location to a Regional Shopping Center?” The research [...]
Petitions, referenda, and voter registration
Oak Ridge is in the midst of the 20-day drive to collect enough petition signatures to force a referendum on the proposed bond issue for the Crestpointe shopping center.
As a general rule, I don’t think that voters should be able to insist on voting on individual financial decisions by elected officials. (At the February 19th [...]