Thursday, July 8, 2010
Cost of the election will run between $30,000 and $40,000 and will take place on August 3rd, 2010. The amount of the bond will be for the original $46 million with interest costs undefined at this point in time. The payback could run as much as the previous bond measure. Payback of the interest, principle and bond underwriting costs to banks could be as high as $72 million or as low as the low $59 million. (Depending on Obama stimulus taxpayer funds offset interest costs.)
The annual cost will go something like this: $8,000/day or a little under $3 million a year to pay it all off in 20 years. The biggest number will be the operational costs for the facility which will be in the neighborhood of an additional $15-$20 million a year. This money will come from additional property taxes needed to run the place Current costs per inmate at the Dale Hale Detention facility run $84/day per inmate. This figure comes from taking the current $9.3 million/year jail budget and dividing it by the number of inmate beds listed on the county website for the Dale Haile Detention facility.
THE GUARDIAN is worried about the ability of the people's ability to pay for this if it is approved. Current property tax collections are down by 10% of what they normally run for this time of year based on information from the Clerk Auditors Office. Add that to a sour economy and people's ability to pay for this is in question. Currently there is no extra money in city or county general funds and we wonder if this is a prescription for default on the part of the county.
The following was taken from the resolution passed by commissioners:
"WHEREAS, the County does not have sufficient funds available to pay the cost of the foregoing Project and has determined it advisable to finance such cost through the issuance of the bonds of the County pursuant to the provisions of Chapter 19, Title 31, Idaho Code, as amended, and Chapter 2, Title 57, Idaho Code, as amended, and in order to do so, the County desires to provide for the holding of the special bond election required by said provisions;..."
The "coupon clippers" at 1115 Albany are broke, we are all taxed to the max and they want to spend yet more money neither they nor us have at the moment. Commishes are saying we can do this for a lot less money if we act now. They are in denial about the ability of people to pay more property taxes.
Supporters of the jail bond have verbally indicated they have in the neighborhood of $30,000 to spend on getting this bond approved from people in the community who are in support of this latest jail bonding effort.
We would like to see sentencing alternatives used to avert the need for more jail space. Passage of school bonds earlier this year will place an already undefined additional tax burden on property taxpayers all over Canyon County. Declining property assessments will be nullified by higher levy rates to keep the cash flowing to all taxing entities.
In any event, you will get the opportunity to vote this question up or down come August 3, 2010. Good luck trying to find one of the 12 places that will be open for you to cast a vote. It will require a super majority of 2/3rds of the people who take the time to vote for this to pass.
Multnomah County in Portland, Oregon built a $58MM jail that was completed in 2004 and has been sitting since then because they can't afford to operate the Wapato Jail. Here is a link for more on the Wapato fiasco. (Wapato Jail Info Link) Former Clerk Auditor Noel Hales is on record questioning the ability of Canyon County to fund the operation of a new jail of this size when the first bond election was held in 2006.
Posted by Paul Alldredge at 11:09 AM