To the editor:
An April 28, 2013 ad in the Herald Banner stated that the YMCA/Event Center bond would only add an additional 2.5 cents to the Greenville property tax rate. However, those figures were based on a number of factors that can, will, and have changed. A few weeks ago, City Manager Massoud Ebrahim has said “selling the bonds would add another 4 to 7 cents to the tax rate.” The cost of operating the center is also not known, which is more than likely going to add more money to the tax rate.
Bond organizers believe the center will be profitable over the long term, operating it like a business. If the projections for the center are to be as profitable, as they would like us to believe, local investors would put up the money and run it as a business so they could get a return on their investment. Since this has not happened, we all should be questioning the profitability of this venture and how it could be a drain on the city, tax payers, and potentially cause the city to have to cut services in the future to pay for it.
Many questions remain unanswered even to this day. The original bond was passed by a slim margin by voters, based on the assumption of a 2.5 cent tax increase. Now that factors have changed and would cause the tax rate to increase, it would be in the best interest of the voters of Greenville and all tax payers of Hunt County that this bond and the project be stopped once and for all. As a property owner in Hunt County that may have to help pay for this project through allocations of funds from the County to the City, I ask that you please call or email your city council member and show up at the City Council meeting on Tuesday, July 8th, at 6 p.m. and ask them to vote against proceeding with the YMCA/Event Center project.
To the editor:
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Kill the YMCA project
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Say no to YMCA on Tuesday
An April 28, 2013 ad in the Herald Banner stated that the YMCA/Event Center bond would only add an additional 2.5 cents to the Greenville property tax rate.
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Texas Constitution and the YMCA
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