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As the former Pagosa Fire Protection District fire chief, I will not vote to support the tax increase for the community recreation center. Borrowing 18 million dollars and paying back 44 million dollars over 25 years is almost criminal. The yearly payments on this bond are almost one-third the total yearly town budget.
What happens when the tax revenues per year do not meet the bond payment? The money then has to be taken from the general fund to meet the bond obligation.
That will suspend other projects that have already have been half completed, the trails system, the riverwalk and the city roads that need maintenance, sidewalks. We should take care of our infrastructure before we take on any new expensive projects.
The sales tax in this community rises and falls with the economy, it is not guaranteed to make the amount required to satisfy the bond payment. This is not the time to take on this huge obligation to build something we do not need. Please vote no on this tax increase.
Warren J. Grams