Tuesday, October 13, 2009

Madison Board of Estimates Rejects Library Referendum

Link to October 12 Wisconsin State Journal article, "Board rejects library referendum, OKs $37 million for project".

Excerpt: Madison's financial committee on Monday scrutinized but endorsed Mayor Dave Cieslewicz's proposals for a $37 million central library and $16 million in public assistance for redevelopment of the Edgewater Hotel.

In a marathon six-hour meeting, the Board of Estimates voted 6-0 to reject a bid for a binding public referendum on the library in April, and it deadlocked 3-3 with Cieslewicz casing a tie-breaking vote to keep $16 million in tax incremental Financing (TIF) support for the Edgewater project in the mayor's proposed $185.8 million capital budget for next year.

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