Coralvilles big debt and what to do about it will be a big topic at Tonights City Council meeting. On december 9th, Moodys Investors Service downgraded the citys bond rating. Tts generally seen ap a negative reflection of the cityty financnc and can make it harder for coralville to borrow money. The bond rating dropped to the lowest rating of Investment Grade on moodys scale. The company rated coralville this way becauau of its high debtbtnd liabilities. Liabilities include things like ownership of a hotel and performance center. Coralville has about 267million dollars in debt. In iowa, ly cedar raraids and des moines both much larger cities have more debt. Coralville city Officials Say the rating will have little impact on residents. They say they expect to see the city continue to grow. While taxes do help pay off this debt, those property taxes will not increase. No, theyre not, and we have. And we have never missed a debt payment, we continue to make those payments, and we dont hav
Ownership of a hotel and performance center. Coralville has about 267Million Dollars in debt. Only cedar rapids and des moines much larger cities have more debt. Kcrgtv9s Iowa City Bureau chief mark carlson joins us now. Mark, city officials are saying residents shouldnt panic . Yes, we really wanted to take a closer look at the impact this will have on residents today. And coralville city Officials Say, there will be little impact on residents. City Officials Say they expect to see the city continue to grow. They are moving forward with a 7thousand seat arena project in the iowawaiver landing. They say that project will open debt free, if it gets to that point. While coralville residents property taxes do help pay off this debt, those property taxes will not increase as a no, theyre not, and we have. And we have never missed a debt payment, we continue to make those payments, and we dont have any plan to do differently. So the two big points here from city officials. Property taxes no
Our weather continues to be mild with a day of passing clouds in front of us. While a warm front will be lifting in this afternoon, it appears it really wont have much moisture along it until tonight, when isolated showers are possible. The day should be dry with highs back into the upper 40s to mid50s. Plan on a wet weekend with rounds of rain pushing across the area. The period of heaviest rain still looks to be saturday night into sunday with widespread amounts of 2 on average. There may be isolated higher or lower totals, but everybody will get a thorough soaking. Any moisture leftover on monday may go to a brief mix, but the vast majority of this event will be rain. Our weather turns cooler by next week with highs dropping down to the 30s and 40s. Have a great weekend toda y partly sunny high 4955 winds se 515 alo 49 dbq 50 showers low 4450 winds s 510 alo 44 dbq 43 iow 47tomorrow showers storms late high 5258 winds se 515 alo 55 dbq 55 iow 58tomorrow night showers stor ms low 546
Widespread amounts of 2 on average. There may be isolated higher or lower totals, but everybody will get a thorough soaking. Y moisture ftover on monday mayayo to a brief mix, but the vast majority of this event will be rain. Our weather turns cooler by next week with highs dropping down to the 30s and 40s. Have a great weekend toda y partly sunny high 4955 winds se 515 alo 49 dbq 50 iow 53tonight chance of showers low 4450 winds s 510 alo 44 dbq 43 iow 47tomorrow showers storms late high 5258 winds se 515 alo 55 d d 55 iow w 8tomorrow night showers stor r low 5460 winds se 1020 alo 54 dbq 55 iow 58 thanks kaj. A Facebook Post from the Johnson County sheriff is sparking conversation about gun control. The post shows part of a gun permit request, and lists the prior offenses of the person who wants the permit. Sheriff Lonny Pulkrabeck says he doesnt want to issue the permit because of all the offenses, but in 2011, lawmakers changed iowas gun law frfr may issue to shall issue. Under may
Restricted in isolated areas. The main forecast focus for us continues to be on the system for wednesday night through saturday morning, then the slam of arctic air to follow. Mixed precip is likely to break out as early as wednesday night and continue on a scattered basis through saturday morning. Most of the precipitation should be in the form of a rain snow mix with perhaps a 13 snow on the tail end when it wraps up saturday morning. Then, the arctic air pours in. Plan on singledigit highs on sunday with wind chills at or below 20. Itll be a shock to the system, hence our forecast and the early heads up today partly cloudy high 2733 winds s 1020 alo 29 dbq 30 iow 32tonight mostly cloudy low 2228 winds s 515 alo 22 dbq 23 iow 25tomorrow iso. Rain snow late high 3036 winds s 515 alo 32 dbq 33 iow 34tomorrow night chance of rain snow low 2733 winds s 515 alo 30 dbq 30 iow 30 family and friends are remembering a Solon High School senior who died after his canoe capsized. 17yearold tanne