Isanti's building permits and revenue are down 40% year to date. This has been a significant source of revenue for the last 5 years. We will be faced with tough budget decisions.
This is again proof positive that the city's spending spree has to end. The final budget will be coming up in December. We will need to cut back on city spending or we will have undue burdens going into 2007.
After specific cuts are made we will need to focus 2007 on long term financial planning and commercial growth. Isanti has a glut of existing homes, newly built homes and over 500 approved platted homes in the pipeline. This will cause home values of existing houses to decrease. Another side effect as people are unable to sell their homes they will rent them. To high a percentage of rental properties cause problems of its own.
The Council must move quickly to address these issues.
1 comment:
Well, at least there is some good news. The building inspector will now have more time to enforce the numerous ordiance violations in the city.
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