Monday, March 28, 2005

The Garbage Plan

It was just last week, while discussing the not so encouraging economics of Albany's Golf Course, that I wrote, "So, the city budget shows the golf course as a money loser. Good thing we've got the city dump. That thing is a gold mine!". And it is...for now. Because Albany accepts garbage from other municipalities, the dump brings in over $13 million a year. This is by far the second largest revenue generator for the city (taxes being #1). However, it is forecasted that the dump could be full by 2007 even though the city spent $9.5 million to expand it in 2002 and another $1 million on a garbage shredder to increase efficiency. So since the administration has known about this for at least 5-10 years, they must have a plan to insure that we protect this major revenue stream?

Read all about it. This one has all of your favorites...

Allegations of Political Favoritism

"the latest chapter of a sweetheart deal..."

City Officials Downplaying Risk

"the city is risking that it could have to cover a hefty legal bill, Reilly said he did not "anticipate that it would be substantial..."

Someone Suing the City

"I believe the court's ruling prevents the city from purchasing the property," said Lewis Oliver, an Albany lawyer who represents Marshall and other dump opponents. "This is a project that might never be approved by the state."

So the plan for how the city will protect approximately a tenth of its annual revenue after 2007 has significant financial risk involved. Which brings us back to that #1 revenue generator of property taxes. Less garbage revenue means....

If I was running for a city wide position against someone that has presided over this problem for the last 4, 8 or 12 years I think I'd make this a campaign issue. Dear Incumbent...start explaining.

And of course we want to end with the money quote:

"I would love it if I could do a deal with the city and the city would pay for all my attorneys fees. I'm just glad that they aren't doing it with my tax dollars," said Linda Marshall, who lives near the proposed dump site in Coeymans and has led the opponents for a decade.

If you live in Albany, those are your tax dollars she is talking about. Read the article.