This is part of the text of a letter to the editor that I was going to send to the Freeman but decided not to:
The Waukesha Taxpayers League is touting the fact that Mayoral candidate Ann Nischke signed their “Pledge To Taxpayers” and Larry Nelson did not. A closer inspection of this pledge reveals that Ann Nischke agreed to “support efforts to require a referendum for borrowing requests greater than $1,000,000.” While this may seem like a great idea in theory, in reality such a requirement would put the City of Waukesha at a huge disadvantage with other Cities when competing for business. The biggest impact would be on Tax Incremental Financing projects. If the City had to hold a referendum whenever they borrowed 1,000,000 it would essentially require a referendum for the creation or expansion of any large TIF districts. If a business owner has a choice between a community whose elected officials has the authority to approve a TIF or a community where any TIF borrowing in excess of $1,000,000 requires an extremely lengthy referendum process with no guarantee it would even be approved, what community do you think they would choose do relocate to? Do you even think they would consider Waukesha? Do you think the taxpayers would benefit from this?