Wausau Friday Facts 7/7
Remember, Money is Fungible. That is not a question. And, no matter what we give a local government money for, it can find a way to use it for something else. Remember, we were told that we had to grin and bare a 63% hike in water rates to pay for the construction and operation of a new water treatment plant. We were not told 1-in-8 dollars collected by the water utility would be turned over to the city to use on other things. Here is another example. Say the citizens approved a wheel tax to increase funding for roads. That money should be used for roads, right? But, even if the wheel tax money was deposited in a segregated fund, it could be used to offset current and future general revenues that would have gone to roads. The wheel tax money would free-up those dollars to be used elsewhere. The net effect would be the same as if the wheel tax money was used to support other programs directly. Seriously, if you think the current referendum...