Our town is full and the sun is shining…the start of another Ironman weekend! (The lake water is only 55.8 degrees…brrr!) Did you see in the Press that Tubb’s Hill is listed as a nationally recognized hiking spot? Will you watch any parts of Ironman? What’s on your mind this weekend?
(Mouse click on image to enlarge it.)
$6,720,029.87. That is my calculation of the amount of “rent” North Idaho College prepaid and overpaid to a private, non-profit corporation, the North Idaho College Foundation. That is the amount of “rent” the College paid after it already owned the property.
A regular reader of OpenCdA suggested I extract and consolidate some information from my report titled NIC’s 499-Day Lease of 17 Acres of Bare Land and focus on just the calculation of the rent the College overpaid and prepaid. The reader observed that the money came from property taxes levied on Kootenai County residents by North Idaho College.
Here is the calculation with a brief explanation of how the figures and dates were derived. (more…)
This morning’s Press had a great letter to the editor, titled “A Tall Tales of Taxes”, by Len Crosby. It is well worth the read. Len is the past Chairman of the Post Falls Urban Renewal Board, so he knows the subject. He’s also a banker, so he knows money, lending and debt structures. Len is NOT a fan of using Urban Renewal money for residential development, and particularly calls out LCDC, Dover and even Post Falls. Here’s an excerpt:
“Indeed, in light of our current abundance of home and condo foreclosures, it is interesting to reflect that the majority of the property tax money we have contributed to the existing Urban Renewal Agencies has gone into residential and condominium development in Dover, along Sherman Street in Coeur d’Alene, in Riverstone, in Mill River (yes, we did get a call center . . .) and even in the East Post Falls district in Post Falls. Residential developments supplemented by tax dollars from homeowners who can’t afford to purchase the high-end residential properties that they are subsidizing! ” (more…)
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After Kootenai County Clerk Cliff Hayes’ press release titled County Ensuring Accuracy of Elections & Registrations was published one day before its release date, I received phone calls from some readers who expressed disappointment in the understated tone of the release. Apparently, this close to Independence Day, they were hoping for more fireworks. (more…)
Happy Father’s Day! With Car d’Alene downtown today, the Brewfest at the Fairgrounds from 3-7 and unsettled weather keeping folks away from camp grounds, lake cabins and boats, it’s a busy weekend around here. Any local issues on your mind?
In Pullman, Washington, the US Postal Inspection Service and the Federal Bureau of Investigation teamed up with the US Attorney for the Eastern District of Washington to federally indict and prosecute a Colfax woman for 14 counts of mail fraud and 2 counts of bank fraud. The woman admitted to stealing money from a private business to pay her personal bills and to using the business’ credit cards for her personal purchases while she was the office manager.
Meanwhile, in Kootenai County, Idaho, …
Habitat for Humanity of North Idaho is having trouble keeping its executive director position filled.
It fired Jim Brannon in 2009, ostensibly because the ED position was being abolished, shortly after Brannon had announced he was running for Coeur d’Alene City Council. Word on the street was that Habitat board member and now Chairman Eula Hickam was furious that anyone would dare challenge Councilman Mike Kennedy. Of course, Habitat is a 501(c)(3) and is supposed to avoid intervening in political campaigns, but … (more…)
Mary Souza’s Newsletter
Happy Flag Day! Do you think Tubb’s Hill is off the chopping block? It’s not. Do you think a public vote on McEuen is illegal? It’s not. And did you assume the CdA school district follows the law and accepted policy? Not so much. Come on in, sit down, we have some things to talk about: (more…)
As a number of serious local issues are brewing in the background, don’t forget that CdA’s First Annual Beer Fest will be at the Fairgrounds this weekend, right after Car d’Alene this coming Saturday.
What’s on your mind as we start out a new week?
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