What am I missing in wanting the McCracken County Fiscal
Court to allow use of the Transient Room Tax to pay for moving the dome, and
later, for other scheduled renovations to the Convention/Expo Center?
Here are the facts:
The purpose of the Transient Room Tax, which is paid by those
who stay in our hotels, is to pay for tourist related activities. Hence the dome
relocation would be covered.
The Convention Center through the City will honor its
contract to provide the dome space for the Quilt Show. Quilts are what we are.
The City will bond the money to move the dome. The fiscal obligation to repay the bond will
be on City taxpayers if the Transient Room Tax falls short of what is needed to
pay the bonds, not on County taxpayers.
The budget estimates for the bond payments were based on the
Transient Room Tax growing at 3% per year.
The Transient Room Tax had an annual growth of 4.4% in 2012, 9.3% in
2013 and 12.2% in 2014. The conservative
growth projections of 3% to pay for the bonds through the Transient Room Tax
certainly look, well, conservative.
The City will cover any shortfall on the operation of the
dome for the Quilt Shows, as we have in past years. Again, the fiscal obligation is on City
taxpayers, not on County taxpayers.
So here is what I don’t get. Why can’t the Fiscal Court vote
to let the Transient Room Tax be used to pay for the dome relocation instead of
putting the entire burden on City taxpayers.
Remember, we City taxpayers are also County taxpayers. And voters.
Tell me we are not shipwrecking a sound financial plan on
the rocks of just politics.
Hoping for a Happy New Year.
So what percent of the hotel rooms paying the tax are actually outside the city? Why does the county have a say in that portion in the city limits?
ReplyDeleteIt's always boggled my mind why the whole of McCracken County doesn't pay for all the services which they use through the city of Paducah - some people would already want to rough me up for that comment. But really, there's an agreement with the formation of the JSA (which the City/County still bicker about) but that's about as close as we've come to any amount efficiency in our local governments.
ReplyDeleteBut I see these bewildering facts just as an extension of the lack of cooperation between our two government entities. It's in everyone's best interest to bank roll the tourism in our area, not just the city of Paducah, but lord no don't let it happen.
I live in the county so I don't have a say in Paducah politics but I would if I could. I couldn't vote for our Metro initiative because no one would lose their job. Yes, the issues you mentioned would be resolved much easier but a mayor and county commissioner? A chief of police and sheriff? Two fire departments? Consolidation of the two governments should be cheaper, not more expensive, correct? Also, yes, I know that the KY State constitution says we must have a sheriff but that's not the point! But why would consolidation be more expensive? Mind blown.
But Newberry can re-zone, do something totally illegal, and he and his team just get smacks on the hand. My city is throwing away millions of dollars at our riverfront on something no regular person will benefit from meanwhile there aren't sidewalks connecting the city to all of the portions it's annexed over the past 20 years. If people can't walk there they certainly can't get there on public transit that only runs 8 hours a day.
Now I'm rambling at you Mr. Rhodes! But there's so many things that don't make sense in our community and you're an angel for dealing with them because I know I'd be running my head into a wall if I was you.
Mr Rhodes,I read where the city says it,may cost 17.5_million to rebuild city hall or a new,one.yet hopkinsville justcbuilt anice,city hall far 8.2,million.why does,everything cost soxmuch more incpaducah
ReplyDeleteAlan you need to look into why it costs so much to build in paducah.they are building,a ,8 story hotel in Louisville far 24 million.paducahs economic development site says construction costs cheaper than anywhere in my.something don't sound right.you needs to do study on this.your only one on city council with any business sense and only one who even cares.
ReplyDeleteAlan you need to look into why it costs so much to build in paducah.they are building,a ,8 story hotel in Louisville far 24 million.paducahs economic development site says construction costs cheaper than anywhere in my.something don't sound right.you needs to do study on this.your only one on city council with any business sense and only one who even cares.
ReplyDeleteSo am I figuring this right.if a worker makes,10 an hour that's 20800 a year.the employee pays the,payroll tax.so in essence the,employee pays,the,tax,to,the,city andcity refunds,it,back,to,employer.seems screwy,to me.
ReplyDeleteI know I'd be running my head into a wall if I was you.
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