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In the June 11 edition of the Monitor, there was a big spread about the school board approving a “$40 million infrastructure-rebuilding project.” And the LAPS contractor said it was “a one-time tax increase ee then we can support this program on into the future, and with some good fortune and growth (italics added) the tax base will exceed the projected growth and we will be able to increase the amount of money that can be generated for bond sales in the future.”
On the very same front page there is another article about the Los Alamos Apartments falling into foreclosure. What was the reason? I quote: “Since last fall Los Alamos Apartments lowered rates by 15-20 percent, depending on lease term, but the market does not appear to have recovered” (italics added).
At LANL, there continue to be more rumors of layoffs. So, exactly where is this good fortune and growth going to come from? Well, I don’t think it is going to come from the government, i.e., LANL! So if this is the case, that means this is not going to be a “one-time tax increase.” It sounds to me that this contractor and maybe even the county haven’t a clue about what is going on here in Los Alamos and that we shouldn’t be sucked in by their glowing predictions and hopes!
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