Lake Tran Needs More Money…sales tax increase is their solution

laketran bus image

LFC received notification from Lake Tran that they plan to place an additional sales tax levy on the May ballot.  They will have a Board of Directors’ meeting on April 22nd at 4:00 pm to discuss the proposed sales tax resolution.

Here is the 95 page document sent to us by Lake Tran: Lake Tran meeting 4-22-19

Here is the resolution in question from the 95 page document:  Lake Tran Sales Tax Resolution.

Although we plan to be at the April 22nd meeting, we did ask some preliminary questions of their Chief Executive Officer.

(1) LFC Question: Do you know how much revenue the .25% sales tax increase is projected to generate?
Lake Tran Answer:  .25% is expected to generate $8.5 – $9 million annually. 

(LFC Comments:  In order to give those numbers some perspective, we need to look at their past revenue statements.  Here is the summary of their revenue and expenses for 2015 – 2017:  Lake Tran Income Statement 2015 – 2017
Please note that the average sales tax revenue generated for those years was $9,154,349.  Therefore, we can state that the Board is looking for 92.8% – 98.3% increase in sales tax revenue.
When looking at their overall revenue for 2015  and 2017 (2016 was eliminated because of the anomaly of the Federal grants that year), we see an average of $16,845,556 in total revenue.   So the $8.5 – $9.0 million projected increase translates to 50.5% – 53.4% of total revenue.)
(2) LFC Question: What is “plan B” if the levy does not pass?
Lake Tran Answer: Plan B would be to cut service across all modes of service, we have discussed what that would look like, but not come up with the exact list of what those cuts would be.  For example, we looked at cutting 10% of the Dial-a-Ride budget, but when you add the 20% we are overcapacity that results in an actual cut of around 25%-30%, which the Board felt was too much to cut without giving the residents a chance to weigh in on our finances. 
(3) LFC Question:  Are all of your levies for a “continuing period of time”?
Lake Tran Answer: When we renewed our current levy in 2013 it was moved from an increment of 10 years to continuing.  Our Board has the ability to determine the length of time any levy is good for.  The one in this month’s agenda is proposed as continuing, but there has been discussion on if we should move it to 10 year
(LFC Comment:  We are not big fans of continuous levies because we believe that governmental agencies or non-profits acting as/or in accordance with governmental agencies should be accountable to the voters.  Remember, a “continuous levy”, or “for a continuing period of time levy” equals “FOREVER”, and removes the need for accountability to the taxpayers.) 
(4) LFC Statement: We still need to discuss the Community Bus Service that is trying to make in-roads into Lake County.

Lake Tran Response: I would be happy to discuss Community Bus Service, if you want to come to the meeting a little early we can chat, or I would be happy to meet/call at another time.

(LFC Comment:  We have been curious for a while now about the Community Bus Service since we heard about State Representative Jamie Callender’s and Lake County Commissioner Ron Young’s keen interest in this private enterprise out of Trumbull County.  Both supported an amendment to the current Transportation Bill that would have helped Community Bus Service and Trumbull County.  The amendment was defeated and not added to the bill.  We will report to our readers as we try to “pull back the curtain” on this issue.)

(LFC Comment: Just for the record, Lake Trans has the capability to ask for a property tax, but they choose to go the sales tax route.)

clapping image

(LFC Comment: We appreciate Lake Tran’s honesty, transparency, and responsiveness in answering our questions.)



Categories: Lake, Lake Tran, Uncategorized

Tags:

78 replies

  1. Thanks-a-mundo for the article post.

  2. Thanks authors for articles. You can read the article about Top Cheap Essay Writing Services I thank the author for the article. It was interesting. https://apnews.com/press-release/kisspr/entertainment-lifestyle-business-marketing-and-advertising-corporate-news-c7e6da05034d7a8baba036d7680a6e8e

  3. Very neat blog.Really thank you! Great.

  4. Thanks-a-mundo for the blog article.Much thanks again. Keep writing.

  5. Really informative post.Much thanks again. Will read on…

  6. A round of applause for your blog post.Much thanks again. Much obliged.

  7. Im thankful for the article.Much thanks again. Keep writing.

  8. Thanks for sharing, this is a fantastic article post.Much thanks again. Want more.

  9. I cannot thank you enough for the article post.Much thanks again. Want more.

  10. Great article.Really thank you! Want more.

  11. Very informative article.Much thanks again. Cool.

  12. Thanks-a-mundo for the article. Awesome.

  13. Im grateful for the article post.Thanks Again. Fantastic.

  14. I appreciate you sharing this article. Really Great.

  15. Thanks for sharing, this is a fantastic post.Much thanks again. Fantastic.

  16. Thanks for the blog article.Really looking forward to read more. Awesome.

  17. Hey, thanks for the article post.Really thank you! Cool.

  18. Major thankies for the post.Thanks Again. Keep writing.

  19. Im thankful for the blog article.Really looking forward to read more. Much obliged.

  20. Im obliged for the post.Really looking forward to read more. Want more.

  21. Very good article.Really thank you! Great.

  22. The operation is 28,800 and 1 hour.

  23. Very informative blog.Really looking forward to read more. Awesome.

  24. Thanks again for the article post.Really looking forward to read more. Want more.

  25. Thanks so much for the article post.Much thanks again. Fantastic.

  26. I am so grateful for your blog article.Really looking forward to read more. Great.

  27. There are several hours and designers and art every year.

  28. Im obliged for the post.Thanks Again. Much obliged.

  29. A round of applause for your blog.Really looking forward to read more. Fantastic.

  30. I loved your blog article. Great.

  31. I really liked your article post.Thanks Again. Cool.

  32. Im grateful for the blog post.Much thanks again. Fantastic.

  33. Enjoyed every bit of your article.Really looking forward to read more. Much obliged.

  34. I am so grateful for your blog.Really looking forward to read more. Will read on…

  35. Really appreciate you sharing this blog post.Much thanks again. Cool.

  36. Thanks again for the blog article.Much thanks again.

  37. 493456 568264There is visibly a bunch to know about this. I believe you created various good points in attributes also. 541057

  38. Looking forward to reading more. Great article post.Thanks Again. Much obliged.

  39. 814972 170656Very well written story. It will probably be valuable to anyone who usess it, including yours truly . Keep up the very good function – canr wait to read a lot more posts. 25068

  40. 710035 801329I love the appear of your internet site. I recently built mine and I was searching for some design ideas and you gave me a few. May I ask you whether you developed the website by youself? 200651

  41. I value the article.Much thanks again. Awesome.

  42. Great site you have here.. It’s hard to find high quality writing like yours these days. I honestly appreciate people like you! Take care!!

  43. Right here is the right site for anybody who really wants to understand this topic. You know a whole lot its almost tough to argue with you (not that I actually will need to…HaHa). You certainly put a new spin on a topic that’s been written about for years. Great stuff, just excellent!

  44. Aw, this was a really nice post. Taking a few minutes and actual effort to make a really good article… but what can I say… I procrastinate a whole lot and don’t seem to get nearly anything done.

  45. Great information. Lucky me I came across your website by chance (stumbleupon). I’ve bookmarked it for later!

  46. Good post. I learn something new and challenging on sites I stumbleupon everyday. It will always be helpful to read content from other authors and practice something from other sites.

  47. Greetings! Very helpful advice within this post! It is the little changes which will make the greatest changes. Many thanks for sharing!

  48. Everything is very open with a precise clarification of the challenges. It was definitely informative. Your site is very useful. Many thanks for sharing!

  49. Pretty! This was a really wonderful article. Thank you for providing these details.

  50. Hi there! I just want to offer you a huge thumbs up for your great info you have got here on this post. I am returning to your web site for more soon.

  51. This is a topic that’s near to my heart… Cheers! Exactly where are your contact details though?

  52. You should take part in a contest for one of the highest quality blogs on the web. I will highly recommend this site!

  53. I’d like to thank you for the efforts you’ve put in penning this site. I really hope to see the same high-grade content from you later on as well. In truth, your creative writing abilities has inspired me to get my own site now 😉

  54. The very next time I read a blog, Hopefully it doesn’t fail me just as much as this one. I mean, I know it was my choice to read through, however I really thought you’d have something useful to talk about. All I hear is a bunch of crying about something that you could possibly fix if you were not too busy searching for attention.

  55. This is the right web site for everyone who would like to understand this topic. You realize so much its almost tough to argue with you (not that I personally would want to…HaHa). You certainly put a fresh spin on a topic which has been written about for decades. Great stuff, just wonderful!

  56. Can I simply just say what a relief to discover an individual who actually understands what they’re discussing on the net. You actually realize how to bring a problem to light and make it important. More and more people need to look at this and understand this side of the story. It’s surprising you’re not more popular because you most certainly have the gift.

  57. Good info. Lucky me I ran across your website by accident (stumbleupon). I have book marked it for later!

  58. When I originally left a comment I appear to have clicked the -Notify me when new comments are added- checkbox and from now on each time a comment is added I get 4 emails with the exact same comment. Perhaps there is a means you can remove me from that service? Thank you!

  59. Thank you ever so for you blog post.Thanks Again. Cool.

  60. Muchos Gracias for your blog post. Fantastic.

  61. This page truly has all the information I needed concerning this subject and didn’t know who to ask.

  62. I cannot thank you enough for the post.Much thanks again. Great.

  63. Enjoyed every bit of your article post.Really thank you! Awesome.

  64. Thanks so much for the post. Will read on…

  65. Enjoyed every bit of your blog. Keep writing.

  66. I appreciate you sharing this post.Really thank you! Much obliged.

  67. I really enjoy the blog post.Really looking forward to read more. Really Great.

  68. Really enjoyed this article post.Really thank you!

  69. Fantastic post.Thanks Again. Fantastic.

  70. I truly appreciate this article post.Really looking forward to read more. Want more.

  71. Enjoyed every bit of your blog article.Really looking forward to read more. Really Great.

  72. Appreciate you sharing, great blog.Much thanks again. Want more.

  73. Major thankies for the article.Really looking forward to read more. Much obliged.

  74. I truly appreciate this blog.Thanks Again. Much obliged.

  75. 259427 195501my grandmother is always into herbal stuffs and she always say that ayurvedic medicines are the top stuff 976960

  76. I really enjoy the blog article.Thanks Again. Really Cool.

Leave a Reply

Your email address will not be published.

%d bloggers like this: