It’s been almost five years and somehow this classic illustration has never appeared on the Humboldt Herald. But in honor of tonight’s city council meeting, here it is.
Regular reader “tra” posted the below comment to a recent thread which fits perfectly with the image:
There’s an article in the Times-Standard comparing Arcata and Eureka’s finances.
Both cities have struggled in this recent recession, due to declining sales tax revenues. But Arcata’s revenues have been significantly more stable than Eureka’s, due to Arcata having a broader ecomomic base, with more small manufacturers and other businesses, as opposed to Eureka, which is heavily dependent on sales taxes.
And yet the Eureka City Council, through its love affair with the Marina Center, is still pinning its hopes on yet another low-wage retail strip mall with a big box anchor and the boom-and-bust sales tax revenues they hope it will provide, mostly by siphoning off some of the sales tax revenues that now go to other cities and to the county for purchases made in the unincorporated areas.
In other words, Eureka is doubling down on a losing strategy. Meanwhile, they seemed poised to turn down one source of revenue that seems to be relatively recession-proof: medical cannabis dispensaries.
Well at least Arcata and the County will benefit from the City of Eureka’s shortsighted actions. So it’s not all bad…as long as you’re not a resident or taxpayer in Eureka.