| | Published August 31st, 2011
| Letters to the Editor
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Editor:
The Lafayette Redevelopment Agency is in serious financial trouble. They are not making payments on six different loans. Interest is accruing on these loans, $1,633,889 has accrued this year. Every year in the future, interest will accrue on the interest. The Redevelopment Agency "borrowed" from the general fund, the parking fund and The Library Foundation. The General fund money could have been used for roads if it wasn't depleted for Redevelopment's extravagances..
Now the City Council, who created this financial disaster, has another road tax on the ballot. It's sneaky and tricky. It lowers the amount from the general fund that goes into road repair for three years. After three years the general fund stops contributing to road repair altogether.
Lafayette's roads are in fabulous condition compared to the financial condition of The Redevelopment Agency. In all appearances the City Council wants the taxpayers to bail them out.
To make an intelligent decision on Measure G, ask the friendly City Clerk for the full text of Measure G (it is only available by request, it does not come with your ballot) and the arguments for and against the Measure. Compare the legally binding language of the full text with words in the arguments. Don't be fooled by propaganda. Please write a letter to the editor of this nice newspaper, after you have read all of the information.
Bruce R. Peterson
Lafayette
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Lamorinda Weekly, Moraga CA