Thanks for relating to your readers the financial
report I gave recently to the Lincoln City Council. I'm sure it was
difficult getting it all together, and yet it was done in an orderly
and accurate fashion.
City finances are difficult to comprehend, and the only real
master of understanding city finances is the city clerk, Mel Riggs.
She is a pleasure to work with and has an amazing knowledge of such.
If anyone has any specific questions about financial particulars
regarding the city of Lincoln, Mel Riggs is the person to speak with
I noticed one statement in the report which is probably an error
I made rather than you. The Wal-Mart rebate will use four years
(2002-2005) as a base for rebating them for their infrastructure
costs, which includes basically roads and sewer construction. All
sales tax over that base figure will be rebated to Wal-Mart until
their $585,000 of infrastructure costs are recovered. Example: If
base figure is established at $325,000 for the four-year period and
Wal-Mart pays $425,000 for a year, then they would get a $100,000
rebate for that year. This would continue until the debt for
infrastructure is repaid. Hopefully, the report is not confusing to
I did try to report to the city council in an understandable
Thanks again for your coverage.
Les Plotner, city treasurer
August 14, 2008]
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