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Originally Posted by ducks2010
Two new wonderful council meeting videos from yesterday at:
http://www.glendaleaz.com/clerk/agendasandminutes/
1. In the budget workshop meeting video, the Scruggs twice mentions something about needing to still find another $5,000,000 to satisfy the NHL and not sure where they were going to find it. I would have thought that the NHL would have demanded the full $25M already be placed in an escrow account last year. Why is the city looking for another $5M? See budget video at 18:45 and 35:50
2. Have a good chuckle at the citizen comment section of yesterday's regular meeting. Times: 51:50, 57:10, 1:03:00, 1:18:00 |
Thanks for posting this. Pretty interesting. Sadly I could see myself watching this over President's Day.
It is interesting there was no escrow. Maybe they were too broke or something and couldn't do it. Last year the funds for the escrow came out of a one time item related to a settlement on a parking lot deal (forget all the details, but they didn't actually take $ out of a fund... they used found money).
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Originally Posted by Scruggs @ 18:45
The $5 million that we never found that we need for the Coyotes this year
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Originally Posted by Scruggs @ 35:50
The $5 million that we knew we didn't have for the Coyotes, or that we were going to pay to the NHL that we had to find somewhere.
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This also caught my attention.
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Originally Posted by Clark @ 34:14
The problem we have is we either cut or we raise taxes ... we have to cut $25 to $27 million form the operating budget.
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Whoops!
So with the $27 million deficit and the $5 million that they need to find for the Coyotes, the hole is $32 million (56:50), or about $320 per household.