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Homer, Alaska 2011 Visitors Guide
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Story last updated at 2:56 p.m. Thursday, December 19, 2002

City priorities questioned
The city council has decided to put $20,000 into an endowment fund intended to provide funding for nonprofits at some point in the future (in addition to giving money to them now). This sounds like a nice idea, if the city has an extra $20,000 lying around.

But wait, this wasn't extra money, the city is taking it from the funding earmarked for depreciation accounts. What are depreciation accounts? They are money put aside to fund replacements of essential infrastructure such as the sewer plant, at some point in the future.

So what the city council, in its wisdom, has done, is use your tax dollars to provide future funding for nonprofits instead of future funding for basic city necessities. Those necessities will have to be paid for whether the city was wise enough to set money aside or not.

Guess who'll pay?

Abigail Fuller

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