
09/04/2025
Good Morning, Sidney and Cheyenne County,
While looking into that destructive electrical rate increase that was put forth, our group started to put together several “numbers” we hadn't yet looked at. I post them in a photo here. As a businessman, this is scary... really, really scary. This is our electrical department from Exhibit H of the yearly audit. Notice the declining numbers each year? This is not profit. Profits are going up, but for how long? These are charges for services. This could be a “Contracting Economy” in Sidney. This is a first look, we can not say for sure, but I can tell you this, I would be looking deeper into the causes!!!! I would be concerned. The only reason we are not in trouble yet is that our Charges for Services are declining more slowly than our Distribution Costs. If that changes, we are in real trouble. We'd better pay attention.
Sales Tax Revenue
The vast majority of our sales tax revenue comes from the hill. Sad but true. Most of that is gasoline sales. Really sad. Gas prices are going down. It is logical, then, that our future sales tax revenues will also decrease, unless more people start traveling again. We need to plan for these reduced incomes. NOT BUDGET MORE SPENDING like our city is doing right now. This is a whole new definition of insanity.
2 years ago, I wrote a post quoting Winston Churchill, who famously said, "For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle". For years, I have watched Sidney and Cheyenne County tax and tax and tax along with spending and more spending, each time trying to bring a new quality of life, but history has shown thousands of times that taxing does just the opposite. Not everyone plays pickleball, but everyone must pay for it. Wrong direction, Sidney.
Like last November, we will say yet again how we can fix this. First, spending cuts. There is waste in both the city and county budgets. Tighten the belt and spend only on necessities. We can all wait on a new parking lot while we recover our economy. Enterprise zones. Free up zones of capital improvements without tax consequences so that businesses can invest without increasing their tax bill. This will also increase wages, which we desperately need. In other words, let's stop standing in the bucket we are trying to lift. If this contraction is indeed true, we all need to pay attention and start doing something about it. This could be a warning sign, Sidney. We need more people liking, commenting on our page. Get the word out. Many don't know these things are happening. Working together for change. Share ideas, transparency. We all want the best for Sidney. Let's start working towards that goal. Get out of the bucket, everyone!