By Trina Baughn
As we delve into what could be the last city budget I work on as a council member, I reflect upon both the state of the city and my contributions thus far. I could boast that, during my tenure, no property taxes were raised, and we’ve reduced total debt levels. However, those claims would be misleading given that council has so steeply expanded their reach into your pocket by other means. In fact, council is considering doing that very thing, yet again, with this budget. More on that in a moment.
Property taxes and debt paint only a partial picture of a city’s financial health. While both are very important, consideration must be given to their utility and return on investment. For many years, I have published in-depth analyses of some of the major expenditures that have brought us to the point we are today, such as:
- How you were sold a $40 million high school that will, in the end, cost you over $126 million.
- The fact that the city, not the EPA, was at fault for your water and sewer rates doubling in only a few short years, thereby incurring $33 million worth of debt on top of the $24 million we’d already spent to avoid the EPA mandate.
- An accounting of the $10 million you’ve paid on a golf course you were assured would pay for itself but hasn’t and won’t for many more years to come, if ever.
- Your annual $175,000 subsidy (compare to Farragut, which only spends $15,000) of a Chamber of Commerce that is largely made up of nonprofits, government organizations, and non-Oak Ridge businesses that regularly pressure council to increase your property taxes.
- Frequent disclosures of excessive, non-essential spending such as a $275,000 parking lot, a $1 million fountain, a $300,000 bathroom and much, much more.
- How crony capitalism has run amuck, forcing you to offset the extensive corporate welfare the city doles out on your behalf.
- Demonstrating that you are likely overpaying for your trash services with Waste Connections, which is charging less in communities where they had to compete.
- Reminding you of the broken promises of Partners for Progress, which cost you $15 million on the failed Rarity Ridge/Horizon Center development 16 years ago and warning of similar pitfalls in the $13 million mall TIF (tax increment financing).
- And, because half of your property taxes fund our schools, I frequently challenged our superintendent and school board when they would demand more of your money on the grounds that, in spite of being the one of the most heavily funded systems in the state, much of your money is not making it into the classroom where it belongs.
Some will view the above examples through a different lens if they rely upon what they see around town. We have certainly seen an uptick in eateries, and we can all appreciate the aesthetic value of some of the new developments. Those new developments have, however, displaced some pre-existing businesses, leaving us with an abundance of vacant properties. [Read more…]