From: Jerry Gelao
This time, itís to the tune of $300,000 for the failed Eagles Basin Housing development near Wabasha which continues to cost taxpayers $50,000 annually. This not so little morsel of misfortune remained off radar until it was revealed during recent Town Hall budget meetings. In 2005, a bond was issued in the amount of $3,750,000 for a joint venture with SEMCHRA that bellied up but left the Wabasha taxpayers again shackled with debt service obligation. Sound familiar? The agreement Springer and Co. ĎAyedí at that time failed to provide either an ďoutĒ clause for Wabasha County or performance-based incentives to protect the Countyís interest and safeguard the taxpayersí money. Evidently, NOT protecting the best interests of the citizenry and gambling taxpayersí money away on risky business ventures is the Springer motto for fiscal responsibility and good stewardship!
During his last term, Springer booked us through 2028 for $1.6 million per year in Jail/CJC debt payments, raised our property taxes 52.66%, increased the property tax burden for average valued homes by $633, gambled away $300,000 of our tax dollars, and burdened us with $50K/year due to his poor business acumen.
Wabasha County cannot afford Springerís spendthrift leadership and blatant disregard for the taxpayers well-being. Get it right, Wabasha.