Showing posts with label Local Government Aid. Show all posts
Showing posts with label Local Government Aid. Show all posts

Monday, April 5, 2010

Hoffman City Council wrestles with the tough issue of how to pay for a water tower logo, ultimately forgoes logo and goes with basic design

At tonight's Hoffman City Council meeting, the potential loss of up to $73,000 in state aid funding over the next two years weighed heavily on the minds of council members as they decided against adding a logo to the new water tower. The actual cost of adding one logo would be approximately $3,750. A second logo would add $2500.

A few random facts: For 2010, the city residents of Hoffman will pay a total of $105,000 in property taxes to the city budget. Local Government Aid totaled about $139,000. The state aid figure may drop to as low as $66,000 for 2012.

Here's a video clip that was taken at the beginning of the water tower logo discussion.


More will follow on this in the April 8 issue of the Herman-Hoffman Tribune.