At the end of the day, we noticed the following e-mail from our local association of Realtors ...
At the February Board of Directors meeting the Local Option Sales Tax
extension was discussed. It was agreed that although the Corp of Engineers has
recommended a plan that only protects the East side of the river, both sides
need protection. Without flood protection on both sides another flood could
result in a significant loss of jobs and a corresponding impact on both
residential and commercial real estate sales. Property values in the downtown
commercial district and residential neighborhoods could decrease in value which
would affect the overall tax base of the City. The Board of Directors feel the
best way for the city to acquire matching funds for any state and/or federal
funding to create the flood protection plan needed is to support the extension
of the local option sales tax. The Board of Directors unanimously voted to
support the extension.