Quantcast
  Free Report!
  The Only 3 Rules You Need To Trade The Market   
 




Stocks

Trading Ideas

Short Term
Long Term
All Trading Ideas


Trading Lessons

Strategies
Courses
Interviews
Glossary
All Trading Lessons


Daily Stock Setups

Connors Daily Battle Plan
Haggerty Professional
Kaltbaum Intra-day Set-ups
Short Term PowerRatings
Long Term PowerRatings
TM Indicators


Trading News

Markets Updates
Technical Alerts
Breaking News


PowerRatings

Short Term
Long Term
Charts


Indicators

Stocks
Market Bias


Quotes

Markets
Stocks
Charts
Level II
Historical Data
Options


Trading Contests

Up or Down


 
Maryville CIP tax would fund series of projects
Saturday, March 29, 2008; Posted: 04:59 AM
MARYVILLE, Mo., Mar 29, 2008 (St. Joseph News-Press - McClatchy-Tribune Information Services via COMTEX) -- -- It's a truism that potholes wreak their pit-laden brand of damage equally among the new and old streets of a city.

Maryville City Manager Matt LeCerf knows all too well how much the craters have saddled his community with the need for street repairs. He's kept busy in recent weeks -- making the rounds of various service organizations -- explaining a half-cent capital improvement tax that will appear on the April 8 ballot. The retail sales tax seeks to raise $790,000 annually over a decade for a series of city projects.

"This is a pretty significant winter we're experiencing," he said. "It's taken a toll on the condition of our roads."

More than $4 million of the revenue would be allocated to Maryville's street improvements program. Currently, the city can only devote $300,000 from general revenues to cover the repairs.

Storm drainage, water and sewer system repairs would receive

$1 million from the tax, in a goal allied with streets, Mr. LeCerf said. The program would prevent the need to tear up pavement in four years to make the changes, he added. Water transmission and distribution mains would be updated, with an objective of improving the city's fire suppression system. New storm drains would prevent the future backup of water in homes that occurred during storms last May.

"We're trying to be proactive in addressing these needs rather than reactive," Mr. LeCerf said.

The tax also would supply $200,000 to resurface three of the city's parking lots, where pavement is crumbling.

Three aging dump/salt trucks in the public works department fleet would be replaced for $200,000.

"The big concern is whether they would last another winter," Mr. LeCerf said.

One or two new storm sirens would be bought with $300,000 of the revenue. The city has five sirens that each cover a half-mile radius.

"Basically, we've identified gaps in the system," Mr. LeCerf said. "We would also want to look at it from the perspective of (Maryville's) future development" to the west, he added.

Officials have expressed interest in developing a network of multipurpose trails, in a connection that would link in-city trails with other paths in the Mozingo Lake area. The entire plan would encompass more than 50 miles and include Maryville's parks and schools. A total of $700,000 from the tax would be used as leverage in grant applications for trail construction. The city has already received more than $600,000 in grants to help build about two and a half miles of trails in the fall.

The city is discussing the trails project with the Missouri Department of Transportation, which has offered $620,000 toward development.

Two firetrucks -- a brush unit and a pumper -- are included in the capital improvement plan. A total of $130,000 would be dedicated to the brush truck, while $200,000 would be used for the pumper. The brush unit has been labeled as vital for first responses to determine the severity of rescue calls.

No tax money is slated for personnel or general operations, but a remaining $370,000 would not be allocated for a specific purpose. Those funds may be used as additional bond money for street projects, Mr. LeCerf said, and the city may wait three years to raise enough money before it starts the street repairs.

The election marks Maryville's first major tax issue since 2006, when voters renewed a half-cent sales tax for programs at Mozingo Lake. A simple majority is needed for approval.

Ray Scherer can be reached at rscherer@npgco.com.

To see more of the St. Joseph News-Press or to subscribe to the newspaper, go to http://www.stjoenews-press.com/. Copyright (c) 2008, St. Joseph News-Press, Mo. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

Morning Coffee with TradingMarkets -- Free Newsletter

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Stocks RSS Submit to del.icio.us Submit to Digg it





PREMIER SPONSORED LINKS
TRADE CENTER
 
 
 

The TradingMarkets Directory
Stocks
Quotes
Charts
How to Trade
Commentary and Analysis
PowerRatings
Training Classes
Tools
Stock Scanner
Daily Market Bias

Options
Quotes
Charts
How to Trade
Commentary and Analysis

Forex
How to Trade
Forex Momentum Index
Pivots

E-mini/Futures
Quotes
Charts
How to Trade
Daily Market Bias

How to Trade
Stocks
Options
Forex
E-mini/Futures
Glossary

Tools
Short Term PowerRatings
Long Term PowerRatings
Stock Screener
Quotes & Charts
Stock Indicators
Market bias Indicators

PowerRatings
Short Term PowerRatings
Long Term PowerRatings
Industry PowerRatings
PowerRatings Charts
Training Classes
PowerRatings Strategies
Search PowerRatings

Trading Contests
Up or Down Stock Contest
#1 - Win $1000 every month

Up or Down Forex Contest -
Win $1000 every month


Premium Subscription Services
Short Term PowerRatings Free Trial
Long Term PowerRatings Free Trial
TradingMarkets Subscription Free Trial
Daily Battle Plan Free Trial
Gary Kaltbaum - Intraday Breaking Alerts Free Trial
Kevin Haggerty Professional Trading Service Free Trial
Forex Force with Mark Whistler Free Trial

RELATED SITES
Nothing but forex





All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2008 The Connors Group, Inc.