Perkins' wastewater treatment plant is outdated and the town had planned to build a new one for $5 million. To help with the cost, the town applied for, and received, $1.5 million in “free” stimulus money.
The Perkins Journal reported, “The good news: Perkins is receiving money from
the American Recovery and Reinvestment Act for its new wastewater treatment plant. The bad news: ARRA funds come with strings that will increase project costs by 25 percent.”
As a condition of accepting those funds, the town must comply with a number of federal requirements.
These federal restrictions have increased the total cost of the project from $5.26 million to $7.2 million,
offsetting any financial benefit from the grant.
As a result, utility rates for local residents have risen dramatically to pay the costs for accepting the federal assistance. To pay back the loan and the increased cost of the project, the town raised residents’ utility taxes by 60 percent this year.
Answer by grlygrlz2 at 10:39 AM on May. 10, 2010
Answer by grlygrlz2 at 10:41 AM on May. 10, 2010
Answer by mustbeGRACE at 10:53 AM on May. 10, 2010
Answer by urkiddingright at 11:47 AM on May. 10, 2010
We only care about what is on our plate now, not how the plate will effect the decisions of tomorrow.
I agree with this statement. I just wish I knew why people give politicians a free pass to spend a trillion dollars without long term growth, accountability and responsibility. So many were and still are willing to give Congress and the current admin a free pass to do as they wish... Simply because he isn't Bush. The current administration is riding that wave and that wave is a destructive path of big spending and more federal (costyl) programs... Programs we cannot afford.. jmo
Answer by grlygrlz2 at 11:53 AM on May. 10, 2010
Answer by urkiddingright at 12:01 PM on May. 10, 2010
Answer by 29again at 2:10 PM on May. 10, 2010