Comments on: Where Did the Money Go?: Part II

By: TouriststarvedOS

TouriststarvedOS — Thu, 01 Jan 1970 00:00:00 +0000

We pay 34.54 cents per thousand for the Port. That figures to be $ 470421.10 on our assessed value of 1,361,960,357. By the way, the school district values can also be found there. The district is valued at 1,768,654,296. So, the rest of the district outside of Ocean Shores is valued at 406,693,939. Something to think about. Maybe it is time to tell the county assessor to do her job correctly. All that land and so little value. I guess they have a different view of the ocean.

By: Tom Scanlon

Tom Scanlon — Thu, 01 Jan 1970 00:00:00 +0000

You ask too many questions.
(Must be a Tom thing.)

By: tom hyde

tom hyde — Thu, 01 Jan 1970 00:00:00 +0000

How much tax revenue is collected from Ocean Shores for the Port of Grays Harbor?

Uh oh, I said it.

By: tom hyde

tom hyde — Thu, 01 Jan 1970 00:00:00 +0000

That’s a good point on the convention center, i.e. the interfund loan making up the two and three percent shortfall, not the general fund. However, if the hotel/motel tax fund continues to come up short in its ability to meet the convention center debt payment, then I assume (I know, assumptions are dangerous) that the loan will have to be repaid from the general fund. And if I remember correctly, the financing for the convention center was ultimately guaranteed against the general fund?

So I guess you could say the convention center debt is a potential drag on the general fund. Maybe. I had forgotten about the PFD?

Didn’t some of the original financing for the center come from the county?
Was that a one-time deal?
Does the county provide any continuing funding for the center? PFD? What percentage of the debt load comes from outside sources?

All of that said, I do think the city is much better off with the facility than without it even if the city made a major stretch on the peak of the revenue curve to get it done.

By: TouriststarvedOS

TouriststarvedOS — Thu, 01 Jan 1970 00:00:00 +0000

Maybe we can get a clean final summary of the budget from the city. The current city FilePro shows so many various editions with supplements now. Also, is this the whole budget or just the General Fund?

By: Inquiring Minds Want To Know

Inquiring Minds Want To Know — Thu, 01 Jan 1970 00:00:00 +0000

Maybe it’s the wrong “25 employees” that are no longer a part of the OS budget.

By: Tom Scanlon

Tom Scanlon — Thu, 01 Jan 1970 00:00:00 +0000

Walrus: Please refer me to the buget page, org chart or other city document that shows “25 employees are no longer part of the OS budget”
And is your $2 million less with or without interfund loans?

By: Inquiring Minds Want To Know

Inquiring Minds Want To Know — Thu, 01 Jan 1970 00:00:00 +0000

” Has anyone noticed that about $2 million dollars and 25 employees are no longer part of the OS budget?”

Then why is the city still in such a mess???

By: walrus

walrus — Thu, 01 Jan 1970 00:00:00 +0000

I say again. Has anyone noticed that about $2 million dollars and 25 employees are no longer part of the OS budget? It wouild seem that all the naysayers conmveniently do not know or ignore this FACT !!!

By: wise guy

wise guy — Thu, 01 Jan 1970 00:00:00 +0000

Sorry,

I thought that there was at least a 50,000 dollar appropriation from the general fund to the Convention Center each year. I’m also not sure if any of the convention center staff benifits, insurances, and retirements are collected against the general fund?

I also noticed that “hold-them-accountable” directed us to a “Vallejo,” Calif. bankruptcy. Where you aware that they are one of the U.S. installations of the MIEC water system? Interesting, but applicable? Who knows?

The major claim for their bankruptcy appears related to unsustainable salary and benifit increases for personnel. Who knows, but this also sounds familiar?