Covington's budget problems

Here's an article on the budget problems facing the City of Covington:

http://www.pnwlocalnews.com/south_king/cmv/news/64330307.html

The title? "Tight times force cuts in the Covington 2010 budget"

One of the main points of the article is that Covington's capital investment fund -- the fund that pays for things like road construction -- will be out of money in 2011. That fund relies on revenues from the construction and sale of new homes, revenues that come from things like the Real Estate Excise Tax (REET) and transportation impact fees. What Covington is finding is that this revenue isn't going to be there.

And it wouldn't be there in Fairwood, either. That means we'd have no money to pay for new capital projects like roads and buildings.

Vote against a city without sufficient funding to pay for our roads. Vote against incorporation.