City of New London took their house just to collect extra propety taxes by allowing new, high-denstiy development at the family's property.
The above case obviously applies to all cities in America. Our housing cap of 55,600 units was too high to begin with, but now the U.S. Supreme Court has removed this cap. Although our city finances are probably adequate today,
we have all seen the State's Bank Accounts swing from robust to virtual collapse depending on who is in office and on what unexpected misfortunes beset us.
PROP'S D and E are dueling ordinances. What if they both pass? Lawyers will be happy, but there goes our savings account. Also, our ballot includes candidates who have stated in writing that they want to tear out the Municipal Golf Course, even though it was created in 1989 via a voter-approved ballot proposition. The $40 million already spent would be lost, and then there would be lawsuits to try to stop these newly-elected from so proceeding.
A recent headline proclaims that "RETIREE COSTS MAY SWAMP CITY GOVTS."
This is why I propose a salary cap of about $100.000. Excessively paid employees might leave, but they can easily be replacing by promoting from within; and we could look at Camp Pendleton as a wonderful "on the job" training facility for our own employment neeeds.
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