Save it, don’t spend it, please

Published 12:05am Tuesday, January 8, 2013

Government is really good at one thing — spending other people’s money.

That’s the nature of the machine that gets created with big, representative government.

The cash appetite is huge at the federal level — mind-boggling, even — but the same thing occurs at the state and local level, too

So it’s with great concern we ask members of the Natchez Board of Aldermen to do something perhaps unprecedented in government — save, don’t spend.

The City of Natchez has, largely through the bulldogged determination of former Natchez mayors Jake Middleton and Phillip West, finally landed a second casino.

The new Magnolia Bluffs Casino is important to the City of Natchez because it rests on city property and thus pays a hefty $1 million in annual lease payments to the city.

Of the first year’s $1 million payment, City Clerk Donnie Holloway estimated last week that approximately $481,000 remains.

Before the remaining dollars become whittled away on small projects and urgent “needs,” and before next year’s lease payment is committed, we urge aldermen to think long and hard before spending it all.

Aside from the $1 million annual lease payment, at the moment the city estimates it will earn approximately $28,000 per month from oil wells on city property near the Natchez City Cemetery.

Combined, that’s approximately $111,000 per month that is now coming into the city coffers that was not there last year.

Natchez has received the proverbial gift horse. Let’s not look it in the mouth or ride it until it drops. Let’s consider the gift’s long-term value to the community, if we can just have the fortitude not to spend it.

  • Anonymous

    Very true, please refer to my comment on the original article “county being conservative” and note by my calculations that over $50 MILLION dollars has been harvested from this area annually by only one casino. With two, it is just a matter of time before lots of rainy day funds will need to be raided.

  • Anonymous

    WHO IS LET’S ? WHERE DO THE GOVERNMENT GET IT’S MONEY ? YOU AND YOUR DUMB REPUBLICAN PARTY HELD UP THAT GOVERNMENT ASSISTANCE FOR THOSE PEOPLE IN HURRICAN SANDY. THERE OWN PARTY WENT AGAINST THEM ON THAT ONE. THE DEMOCRATS HAD TO KICK THERE BEHINDS TO GET SOME OF THAT MONEY FLOWING. THOSE PEOPLE PAID THERE TAXES. JUST LET ME SAY THIS BEFORE I GO ANY FURTHER. INSTEAD OF THAT DUMB PARTY TRYING TO PULL IN VOTERS, THEY CONTINUE TO DO AND SAY STUPID THINGS THAT PUSHES VOTERS AWAY. NOW DON’T THINK I DON’T LIKE THAT, BECAUSE THE ONES THEY PUSH AWAY THEY BECOME DEMOCRATS. THE PEE PARTY AND REPUBLICAN PARTY ARE BATTLING IT OUT THIS YEAR AND I’M ENJOYING EVERY SECOND OF IT. ” SAVE DON’T SPEND ” HOW STUPID, WHY IN THE HELL WOULD ANYONE SAVE AND WOULDN’T SPEND IN TIMES OF NEED ? > JAW-JACKER<.

  • http://www.natchezdemocrat.com khakirat

    Save this money and only maybe use the interest only for bills and not the principal for there will be dark rainey days to come!!