The last post on City Ballot measures concerned extension of a funding mechanism for essential services, question 2D deals with how we can best support non-profit social services, arts organizations and myriad public/private partnerships that inherently reduce the need for taxpayer expenditures.
With the current evidence in the financial markets of the importance of credit in the operations of entities from local non-profits and small businesses to state governments, it is apparent to many that there is an undeniable link to an organization's overhead expenses and efficacy in it its programs. We all know that in our personal budgets the percentage spent on on-going cost of life impacts the availability of funds for the pursuit of happiness.
It is for this reason that Boulder should support City ballot measure 2D. Housing a small business or non-profit is an expensive proposition in Boulder. Raising capitol in our current economic climate whether through philanthropy or bank credit is also an increasing challenge. 2D will lower the operating expenses for entities that provide social, and artistic services to our community as well as businesses that provide critical sales and use tax revenues that finance our quality of life.
We all know the cost of living in Boulder. The Spice of life Cafe and the Dairy Center for the Arts know too. These organizations like many residents know the cost of maintaining their home's is escalating and sometimes capitol maintenance or improvements require credit. A longer term loan is a quantifiable and immediate reduction in overhead, however our non-profit agencies using city owned land are cannot extend credit more than 15 years, resulting in interest rates and monthly payments simply inconsistent with the modern costs of operation. For organizations providing artistic and social services, as well as those businesses providing jobs, these dollars directly degrade the ability to serve so that banks can make more profit. Not only is this money directed away from employee salaries, it also curtails services for our residents.
With a 40 year lease the dramatic reduction in monthly overhead would allow many local organizations that contribute untold assistance to members of our community, inspiration and opportunity to our residents in way's we'll never measure, and quantifiable and essential tax dollars to our municipal coffers to continue and in many cases expand their important work. 2D at once stabilizes municipal revenues, expands artistic and social services, and bolsters employment in sectors of the economy that our community has identified as important. 2D also has the added benefit of private capitol maintaining and improving public asset's, saving our residents money while freeing up resources for programs that directly enhance the quality of life in Boulder.
In the interest of support for non-profit organizations and cost saving public/private partnerships in Boulder I encourage you to support City of Boulder ballot measure 2D
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