Remarks by Cole Stanley
414 remarks on the record, newest first · Page 14 of 17
“I'm just saying over the last couple weeks.”
“Do we see somewhere around 88 down to about 70 MGDs kind of over the last couple days?”
“I appreciate you making the comment. Like, I think it's good to say, you know, Fermi project is construction water only, and that's about 10,000 gallons a day.”
“Yeah, so that's a good kind of line to draw and point. So I guess I'd use the analogy. You know, I may be driving the truck and I can have the pedal all the way down, stressing the engine. I can be at 6000 RPM maxed out, right? Doesn't mean that the The tank of gas is empty. I can have a full tank of gas and I am pushing my maximum in 140 mile an hour going down the highway. Right? So if you think about that, that's your differentiation with your Ogallala aquifer. Like you may have a full tank of water back there in the Ogallala, but you're maxing your capacity at 88 MGD. Right. You got the…”
“We definitely see it and appreciate it. And then we also appreciate the other partnerships. I think, you know, with Lubbock maybe saying, hey, we can assist over here on kind of how that water gets delivered to them. Is our reservoir only fed by Cremois or do we feed that through our own?”
“Everything else that comes from our wellfield goes to?”
“Okay. And that max is 48 MGDs from our wellfield?”
“48 from the plant. What's our max from the wellfield?”
“Okay. And then in the beginning of all this, even though we've had 35 days of 100 plus, right, were we utilizing the reservoir a little bit more so, so that we didn't stress the engine totally? So now we've stopped utilizing the reservoir as much as we can, and we're now pushing as much out of the well field and out of”
“Well, I appreciate you taking the time to, one, I appreciate the leadership yesterday and getting in front of, like, a good-sized press conference that went on for, I don't know, 25 minutes probably. But I thought you guys did a good job operationally of explaining it. I still took some e-mails and some phone calls of, You know, hey, I watched all three channels. I got a different take on each one. So I'm still unclear. And so I think it's a complicated enough matter that we need to keep speaking to it.”
“And so I think it's great that you guys are putting that out. I think communications doing a good job on their side. But we have we don't have a. We don't have a tank level issue. We have kind of a capacity issue of delivery. And so I think that's good to draw that line. And then I think it's just good to speak to it plainly. And you've done a fantastic job of that. I know the team is working hard on every time we turn around, it feels like there's another mainline break. So, man, we are thankful for our community and the patience whenever there's an inconvenience like that. We do live in a…”
Not quoted here: it may name a member of the public. Hear it at the meeting.
Not quoted here: it may name a member of the public. Hear it at the meeting.
“Well, it's my first time seeing this, so I'm not quite sure that I'm looking at it, right? Can you go back to no new revenue rate, negative 3.4? Right. But voter approval rate 700,000 plus. So where's the zero? Where's the zero option? Well, how do you arrive at 700,000 increase if you pass a 3.5% increase? increase on your rate.”
“Well, the rate is adjusted based on values and deductions. Well, but the revenues. You're saying the rate is adjustable based on revenues. So if appraisal values go up, the rate can actually go down, but it revenues the same. We still agree on that.”
“Well, the 3.5% is restricted to the M&O increase, or you're saying it's M&O and INS?”
“So have I been miseducated? Do we think in like INS increases based on, there's a law that stated that rate was capped at what, 150 Or what would it be? It'd be $1.50 or $1.80. And right now we're at 10 cents. I don't know exactly what it was, but it was an astronomical increase, right? And I was educated that if we passed debt, right, in an appropriate manner, that can increase. But the M&O side is restricted to 3.5%. Am I educated correctly or incorrectly?”
“THAT'S NOT CONSISTENT WITH MY UNDERSTANDING OF TAX RATE. TAX RATE IS NOT CORRELATED TO GROWTH. A COMMUNITY CANNOT BE GROWING AND THE TAX RATE INCREASES FOR THOSE TAX VALUES. and that would be at your limit so the rate fluctuates up and down so i i got credited for lowering people's taxes but i didn't we actually raised their taxes but their rate went down and the reason the rate went down is because their appraisal values went up What you're saying is that if appraisal values go down, our revenues go down. Or if growth slows and new properties don't come on, our revenues go down. But we're…”
“So let me go back to my original question. If we just wanted to have a zero, no increase in revenues, what would that rate be?”
“SO IF WE TELL OUR CONSTITUENTS, HEY, WE'RE NOT GOING TO RAISE YOUR TAXES IN ORDER TO BRING NEW REVENUES IN, WE'RE GOING TO HOLD YOUR TAX RATE FLAT, THAT WOULD BE .4442.”
“Well, I understand that. Yeah, so like the tax rate on the INS side has gone up and you just did a good job of presenting. We would be representing to our constituents that we are raising their tax rate one penny in order to borrow all the monies that we're trying to borrow. And that would be equatable within the, now there's .101 instead of .9 out of it and it's no longer 33 cents. It's 32 cents and you factor that. Okay, I don't think I'm lost here. I don't understand what the correlation is. The INS side went up a penny. Why would we be losing 3.4 million in revenue?”
“Yes. OK, so forgive me for going back, but we did a math problem. Councilman tips and myself, I think we're, you know, 700,000 that doesn't look right. Each penny. Increase revenues 1.6M total for the city. Let's say it's 1.5. so if you raise a penny or 2 pennies or whatever that 3.5% is right. So we question the 700. We were given information that we were supposed to have confidence in that like, no, we've done the math problem. And that is what it is. If you increase the 3.5%, you'll realize 700K. So I'm still questioning that. And then what we're saying here today is we didn't do the math…”
“Okay, so that's progress. So if you, if you did the calculation and the calculations done correctly. Then we have a differential of what is a positive 700 K. To a negative 3.4, right? So 4.3Million dollar difference. Roughly. In three pennies.”
“Or what would the pennies be? Somebody give me the pennies. 3.5% difference or change. Two and a half. Two and a half pennies. Okay. And that takes into account the additional values that were brought onto tiers that pays out. But we didn't lower any values. You don't go and deduct that amount out of the tiers. It's in addition to what we already realized in there for general fund. And then you're also saying there's some frozen taxes? Yeah, the tax freezes grow. And so the tax freezes grow, but then those are a realized deduction every year?”
“So the growth. Well, hang on. I want to make sure like so I don't have a tax freeze, right? But my dad does, right? So his his taxes, my rate moves as much as it needs to but his taxes stay frozen right so my rate moved a little bit more the more of uh people you know have that frozen tax right and so you have to make it up somewhere else yes but you're showing that as a loss and i think that's what is the confusing it's a new loss because more took advantage of that tax break that tax freeze but i think the confusing part is you're showing it as a negative And I think if we said, okay, if…”