Use of Deed Transfer Tax from Casino Sale (2)

(2nd in a series of posts on Wind Creek Casino)

Gadfly:

First, I’d cut real estate taxes for city property owners by one-half mill, or approximately $750,000. Second, I’d put $1 million in a “rainy day” fund so the city has cash reserves for those times cash is tight (it would be repaid if borrowed from) or a special project arose that needed funding. Finally, I would take the remaining $4.2 million and plug it into city projects like streets and parks.

Dana