Blog/205

Back to Home Print This Page Email This Page
Blog 205

Blog/205

When it comes to Tennessee politics, the labor movement, and SEIU... Blog/205 has the inside scoop.

Karl Dean's Backdoor Budget Cut

In The Tennessean, reporter Nate Rau points out that the Mayor's financing plan for the Music City Center would take about $14 million in hotel/motel tax money away from a bunch of different departments and programs to help pay for his proposed Convention Center.  Those programs (including police overtime and subsidies for public transportation) will either have to be cut entirely or money will have to be taken from somewhere else to pay for them.  Can you guess where that will come from?  If you guessed the General Fund, which is where Metro workers pay and benefits come from, give yourself a prize! 

Oh, and let's not forget that the Music City Center requires a General Fund Pledge to get the project started, meaning that if the MCC fails, money from the city's General Fund will be used to pay off bonds, loans, and debts.  The best part of that?  It's structured to take precedence over all the city's other needs.  Meaning that the bankers will get their money before anyone else in the city does.

Are we loving the Convention Center yet?  Not!

Read the whole story from the Tennessean HERE.

 

Posted by: Mark Naccarato on 12/7/2009 at 3:09:00 PM

Convention CenterKarl DeanMetro BudgetMusic City CenterNashville Chamber of Commerce

Comments

Be the first to leave a comment!

Post a Comment

Comments may not appear immediately after posting.

You are welcome to comment on this blog, but we will not tolerate profanity, slander, or libel.  The webmaster reserves the right to approve or remove all comments on this blog.

I agree to the terms of this comment policy