Local A
News Bulletin from
Government
Briefings
April 4,
2008, Volume 11, Issue 14
In This
Weeks Edition:
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to Be
Economic
development is good for city revenues. Nobody is going to argue
with that.
Or are
they? Consider the results of this excellent audit done in
city
created a restaurant district, and it's been a smashing success.
The number of restaurants and bars
has grown
dramatically, and the downtown has turned into a much more
vibrant place. This has brought
in about $500,000
a year in new revenue.
But when
the auditor looked a little more closely, it turned out that the
city's costs for police, fire and
maintenance
services have also skyrocketed. The estimate is that this new
growth costs the city about
$1.5
million a year. The city council paid attention and "approved
new restrictions on food establishments,
limiting
outdoor drinking areas and authorized the City to explore new
methods of raising revenue
specifically
tied to the ... district."
Excerpted
from the B&G Report, governing.com, by Katherine
Barrett & Richard Greene, March 2008
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