Wednesday, July 9, 2008

legalities

When the City Attorney says that we are not pledging the taxing power of our municipality to pay for this new complex is he implying that there are any private individuals or commercial businesses that have the power to levy a sales tax? Of course not, only governments, like Miami Springs, have the power to levy sales taxes, which we did. And now we are pledging that taxing power only WE, as a City, have, to pay for this loan. We ARE pledging our sales tax revenues to pay this off, no?

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