help, I need a quick lesson on city finances

goddess40

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Thu Jan-05-06 02:46 PM
Original message

help, I need a quick lesson on city finances

I'm running for alder-person and I have a vague idea was a TIF district is but I don't know what a levy is. As in we use a levy instead of borrowing money....

Can anyone help me with some basic definitions or give me a web site or a book that would help me out.

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ArbustoBuster

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Thu Jan-05-06 03:22 PM
Response to Original message

1. A levy is a tax.

As opposed to a bond issue, which is borrowing.

I recommend going to a current Democratic alderperson and asking for the rundown on the city's day-to-day business. If your local Democratic party are good people (and they should be) they'll be set up to help new candidates over the hump of their first campaign.

IANAC (I Am Not A Candidate) :)

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goddess40

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Thu Jan-05-06 04:31 PM
Response to Reply #1

2. Thanks,

I did talk to someone at city hall today and tomorrow I talk to the financial administrator.

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