HomeMy WebLinkAbout030925 email - Taxes and budget issues related to the PFD formation_ new pool_ and Upper Hoh Road repairALERT: BE CAUTIOUS This email originated outside the organization. Do not open attachments or click on links if you are not expecting them.
Dear Commissioners Eisenhour, Brotherton, and Dudley-Nollette,
I thought I would begin this email with some basic math out of Olympia:
$15 billion state budget shortfall
$7 billion in proposed cuts from Governor Inslee and Governor Ferguson
This means that $8 billion still needs to be either cut, or made up in new taxes in order to balance the state budget as per the state's constitution. Given the current status of the
state legislature, it is pretty reasonable to assume that new taxes are on the way, with property tax a likely mechanism used as the tax of choice. A classic battle of "good cop versus
bad cop" is likely to play out between the governor and the legislature, with the end result ultimately achieving each other's goals for balancing the budget by utilizing more new and
higher taxes, thus money from the already financially stretched taxpayers. The crisis level of this budget deficit is a sign that the legislature needs to stop increasing spending.
The bottom line, both at the state and local levels, is that we are running out of money to be shaken from the money tree, i.e. the taxpayers.
Closer to home:
There is no money for repairs of the Upper Hoh Road, limited resources for transportation/ road maintenance and improvements thus the TBD formation, limited resources for homelessness
and affordable housing issues, public health issues, etc. Higher fees at DCD. In order to tie this together in a more meaningful way, I have pasted a letter that Tom Theirsch wrote
that was published in the Leader on the 5th of March, followed by my comments regarding the contents of his letter and subject matter in general. Here is Tom's letter:
Tale of two taxes
Posted Wednesday, March 5, 2025 3:00 am
The Board of County Commissioners (BoCC) is holding a hearing to create a new public agency, a Public Facilities District (PFD), purportedly for the purpose of building and operating
a new pool to be located in Port Hadlock.
The PFD, run by a non-elected board as was the now failed Fort Worden PDA, would be a taxing district with the power to ask voters to increase sales taxes by 0.2%; those taxes would
be paid by every county resident, including Port Townsend and the more distant parts of the county like Brinnon and the West End.
The BoCC recently created another new taxing district, the Transportation Benefit District (TBD). The county TBD has raised the sales tax rate to 9.2% in the county (not in PT, which
has its own TBD), and has the authority to ask voters for an additional 0.2% sales tax.
Now, which of these 0.2% sales taxes would do the most good for the most people?
The BoCC just heard an earful from Public Works about how much more money will be needed to keep the county roads in good condition. The last thing we need is for the 400 miles of county
roads to fall into the same state of disrepair as those in Port Townsend.
A PFD pool would be used by a small percentage of county residents, but roads are used by everyone!
It’s clear that the TBD needs the 0.2% funding more than the PFD pool, and I believe we can’t afford both.
The PFD would raise the county sales tax rate to 9.4% and would raise Port Townsend’s sales tax rate to 9.6%. Doing both, the county sales tax rate would be 9.6%.
It comes down to Needs versus Wants. We all NEED all current county services, and we each must pay our fair share for them.
A small number of county residents really WANT a luxury item like a pool, but they expect everyone in the county to pay for it? PFD? Nope.
Tom Thiersch
Jefferson County
The following are my comments regarding Tom's letter and regarding the subject matter in general:
Given the fiscal state of the State of Washington and Jefferson County, forming the PFD in order to build and finance a new aquatic facility would be completely insensitive and irresponsible
towards the taxpayers. It looks like more/ increases in taxes are on the horizon regardless. There are currently 4 or 5 bills working their way through the legislature that could potentially
raise our property taxes. The legislature was considering raising property taxes by the arbitrary maximum increase allowed by counties/ municipalities, raising that amount from 1% annually
to 3% annually. But the primary bill which forms this objective may not make it out this session, and if not, it will likely come up again for consideration in a future session. However,
there are at least 3 or 4 other bills which have less direct ways in which to increase property taxes that are embedded in the bill's language. Regardless of what bills out of the state
house or senate are passed, it is safe to assume that given the state's budget crisis, more taxes, in some configuration, will be on the way.
Out of curiosity, I contacted the county treasurer's office last week and asked for a statement for the property taxes my wife and I have paid since we purchased our property in 1994,
with the subsequent increased property tax impact of constructing our home which we occupied in 1996. Using the 1996 to 2025 data, our property taxes have gone up by 475% over the 29
year period. I have attached a line graph/ chart to reflect this data. Not the way you want a line graph to look that would reflect a fiscally sustainable property tax situation for
our community. The total property tax my family has paid to Jefferson County since 1994 is in excess of $90k.
Our home and property is what I would describe as average, i.e. on a 1.22 acres parcel, 2,200 sf very practically constructed home with no "bells and whistles", no view, in the county
in the Middlepoint area. Based on this information, I would assume the 475% increase would reflect the median property tax increase that many in the county have seen over the last 30
years. The cost to construct our home, which we started in 1995, was approximately $70.00/ sf "turn-key". The same home built today would cost between $375/ sf to $425/ sf to build.
This is well within the current statewide average for new home construction. This represents an approximate 400% increase in the general cost to build from 1994 to present. Most of
this increase has come from inflationary material price increases and regulatory impacts.
If you look at local construction labor rates used as a factor for the increased cost to build , wages, unfortunately, are not keeping up with general inflationary costs over the last
30 years. A basic general skilled laborer would typically start out at around $15/ hour to $18/ hour back in 1996. Today, that same basic skill-set as a laborer would be hired at around
$22/ hour to $25/ hour. That is a 50% increase in wages over 30 years, which is reflective of the disparity related to the general cost of living, i.e. what people/ families can, or
more importantly, can't afford regarding cost-of living. The increased cost of food, gas, clothing, rent, and the basic necessities we all need for simply functioning in our community
in a normal way, coupled with higher taxes as proposed and imposed, is crippling for many.
It is important to consider how the increased cost to build along with the increased property values all factor to produce massive increases in sales taxes collected for construction
related labor and material, as well as the increases in property taxes collected based on the associated higher valuations. The sales tax alone has gone from 7.9% in 1994 to what will
be 9.2% on April 1st, 2025, then possibly to either 9.4% to 9.6% as Tom has pointed out in his letter. When you add these regressive additional sales tax increases as initiated and
proposed, along with the prospects of even higher property taxes to come, I am deeply concerned for the fiscal viability of our county and its citizens as a whole. This is all becoming
rapidly unsustainable for many residents of Jefferson County as many families are being taxed out of their homes and properties. Our county is rapidly becoming a significantly less
diverse sanctuary for the wealthy, as the forced exodus of many other less fortunate folks will just continue to increase. Our community will more closely resemble places like Jackson
Hole, WY or Carmel, CA if the state and local government can't reign in their appetite for spending, then passing the burden for that spending onto the taxpayers.
It is so amazingly irresponsible for there to be any discussion related to sales tax increases for, as Tom has appropriately described, a luxury item like a pool. It is deeply troubling
to me that the privately funded option for a new pool was not more genuinely considered. The philanthropic money is here in our community, but the people who would likely be the ones
to contribute need to see a practical, viable, and responsible business plan before opening their wallets for any new aquatic facility venture. The PFD formation concept for a new mid-county
pool will just be another broad-based taxing mechanism that will only benefit, on a consistent basis, a minority of our population. I reluctantly agree with Tom's suggestions regarding
the sales tax increases for road maintenance, as having safe and reliable roads are critical for all of our population's transportation needs. With that said, however, we better see
clear and obvious positive results out of JeffCo Public Works going forward, and with no project cost overruns and with no waste of taxpayer's money at all.
To that point, my research shows that we have close to a $17 million dollar budget for county roads in this year's budget. Last year the budget was $18.5 million, of which $12.5 million
was used. Is there not enough potential reserve funding and budgetary funding for this year to come up with the $1.2 million estimate to fix the Upper Hoh Road? It is fair and reasonable
to say that if we can't afford to fix the Upper Hoh Road, then what are we doing talking about spending money on a new pool? It is estimated that upwards of 450k people visited the
Hoh Rainforest in 2024. To Tom's letter, and to my comments here in general, what is the potential net benefit in revenue and quality of life that can be gained by focusing on spending
for things that more people will use like access to the Hoh Rainforest/ Upper Hoh Road versus a new pool? If the 450k visitors spend approximately $10 in Jefferson County on goods and
services as part of their visit (a pretty low estimated amount), that would represent $4.5 million in gross revenue for our county. What is the trickle-down benefit this has for our
county's fiscal wellbeing? Here is a link to an article in the News Tribune for your review: Will Hoh Rain Forest in Olympic could be closed this summer? | Tacoma News Tribune <https://www.thenewst
ribune.com/news/state/washington/article301654494.html>
Also, on average it looks like Jefferson County budgets and spends approximately $3 million to $4 million a year on equipment rental. What equipment is the county renting annually that
costs this much? I would assume that a large portion of that would be related to road construction and maintenance equipment. Based on my experience as a business owner/ construction
general contractor, when I look at my budget and see that I have high expenses related to rental equipment, I always have to consider the purchase amount of acquiring that equipment
as a business asset along with how I would depreciate that equipment over time. I also factor-in equipment maintenance, repairs, insurance, etc. into the equation. More often than not,
especially on repeated typical equipment rental, it makes more sense to purchase and own that equipment, and to have that equipment available for future projects. You need to look into
what could be potentially saved, especially over time, on purchases versus rentals on vital equipment rentals the county uses. Is the $1.2 million there alone for fixing the Upper Hoh
Road?
As always, I hope that you will carefully consider the information that I have presented here, I look forward to your responses, and I appreciate the time you take in reading my correspondences.
Mark L Grant
Jefferson County
⿒⃨ᵦ쨢봫銺왘쩃峦傕⪺鱉䧞貲넀똾ުペ卂䏐嚼뛜瘪খ㞫ⴙᦒ⢂鿍㮲쁮귥퇢�ͼቶ蚽壏슂鈮ꉰ幗靼雃䰛鲬䩘슎鯛˷タ䎱�褫凎㸊驗館ᅗ༡柢錈�㴔菅뮒뀗Ʌ༡᷑ᛣ成侽ꭘ⅞夑Ì탉쑣Է⼙孮༨�쇧旚ᠩ勹ൎ닡ꇹ䧤囨⪹覺꿘ᴞ✤삅봪륅㦒牘ⓕ≷蛑䢕넼鏡墙ꟷ䡸鲄苉�厦塶∉律꧘፦䲶▍ѫ잋⫈☉ၤ彊粺協硷쭞鷔ꕦ❏�灉列댆쓤⏉俣삑�鳱屉聮�붔縣碉䟌䃑곖㙼莶⾔疔좇℞㋮枩然뢟䱐㥙
䘪բ䄉௯맯讞㑘킚䘾㒼롄꯳ﳨ훾㪅허됁標慛Ჷⴢ택䇆ᴔ⮂偣ӛ鮭얠㴁薆ꥢ播纂撣౹篁퐿⊯渱ᵈ뛗｀입ꁶ줫ᴜ淀∜﮼떠㸗萻硾㭄貴ᵂ㮗ᑉ蟫ﱑꈙ�礓䝉鶠桋劸溪ꌲ夨퐟肆靿땰砍፷塾㱾替졏妹뒐悍㦄鹣⃭⽑凖᳸纄擃㛾㎢洯턿㍡ሠ駠֫諾㆟ૡᆶ꾖⠗喩섛讠鍈꿄㸝䄇챲Ꮏ躮ᶐb湆騢ጎ㫴찄뚰꒽풖랊㭔ۑ誣�䳫㝠�她劆궸滄뤫⛗랼䠆랍㭆趩嬐ꯡ芕蜭Ẉ枫䫝넼⍪༚㰧㍤廱穞㯑㧹分쏧䶶䖕櫴ዮ葫⋧Ⱅ㹽ᠮ㛵ং殖
ㄸ엳쌸ﳚ圞곫煵Ž㑯ଜ왏㑰踒炁骨୫뤆삡瓔옼懶﹣꾿퍚鿥愈牷ᄃ桿㵺㣙గՏ鲼᰷讙ᇢ瓬癳퇼쥘礍醂깩Ꮛ蛲�떡㰧暺ㅽ켼瓈옠包䳹ꎆ웜䓀ӵ愹蘓륉硘珵�麝龨ඛﳹ⹑䞺�힀訟ퟹㅲ龿쿳㹽辿鲭῏䛳ᄃẬ쎙迧ɻ壁ꚵᏝ䰌̈́ቸ㜏ؓゎ➑̔턶Ⓚঙ鶸᜴鶛ވ峽ఴܓ卂ᔠ赴査摠߈䐈﹃걨玎纓籏熏㽑ᆨ쎈�╘鬗ñ庰я磊쳈ぬ蠞쬀㾌㴊﹣愸턢頰謃�솃仰ᩮ㌂輑츷䈅ᱜඃ솒倐в蕳뤧삉愔俌諯盀㕿ꠧ裩㍱킞֝捲䋼
犀ϔ䒺ꤌ㏟췃쀴ੱ扚�㷐؞皅镠᰼恘龆笋瞏Ꮪ섅퇼蓪굇㛤莆ㆾڀ�嵐⃛垴ꏇ鼞왿�疎瘡롍ᓧẠ췁マ၀핣뎽勞걏䰌痉썆㱴褞ꦭ붅焙㕤ꠌ쾉쉅兓摏깺㏆츁뮆콂고Ꮧಛ鲕㘬褛̄㷠嫸眵硕倖셦揘㍱쌆ﮍ㤫 Ėډꫠ먗ϓ杇뀸颛娣㺉瀉ꎄ慢켒祐妾뱯묒嬘잉ᎈ趀乶밇⧓䦄℃灯ᘖ剀烺밈㒥왐趯퉒䯲ﰉ氝謟͇�씩蠉訯횼В͊ର伜碢㯂셃잰༽ᔏΨ쏦�Ѹ腂迏쓕꙽쇽䫈⅄脸뇝Ɂ굤Ȧᱱ㒤‣擲꼘Ⱈ²╵
膉≐衜⡆簕῁��蠞緸企㡵唺殃퀵魳堐샊쒼젭쀺जᐯﻁ译ﱻ쌌䍼琘탂竀䈊⍴꽰閌쨘턕ꍒ쐙视薑稄Ѓ踅젍⫸즹䐨밾恄丱캁挘ીਬ맃Ӱ뱄ؐ䏅떢柨꾗ᘅᏈ薋ƽ堏ၧ䊶ཱ吟䄃Ꙁ猔ꅜ㜭萬鿫ᆕ粉∤盲悸ሿ煫詳喻ꖆ⼗̇�垘�悮눆낈閆鸸☇餒蔅퍢셤妉碼롣퀒ڰ輔燹ຘɇ呼ꢽﲨ螂朗⍅䴠�ᴹ릞躄䛌⁃龌ↅ湙篰ꋣ▃�‗漋ტ盆司�㡐鞎Ἄϐ㋂㷦롅鬔篆蓂앿⢤씚쟓Ō儰ᒹ砀疽灵σ䞛뚶甍��탠壀꛷䶎ꎜᡭ軪湊흈܈蘽깇
ۢ猶ﵭ煗멛㟻牕圝ฎ猏䌃睜惟睯됇溎숶ﺸ�믜╡팂Ƒ伎뀨옘頻蘺믚�놶랻䪪獮䣷ᦹ뚘荱䍭�ꏭ涽�烀䰇িṯ如墨墨恇㚇掮⨌烜字⽯ꪙᑭᾤྵ希퐵�숵൵滴胪跆”縎倪붪궷꾻�훔훗䇙െ需툡遍歮ݗ艩�뿠釶臮걾צּ｀⭔쭁醡탄�᷃岕僛ヷ搆탳뀀烇裂숁옄矵峰퐰䂋尗ᴟ䣮닊ꎩឭ൸쇣鶩㖫柩ͧɿͧ륿ͧ纗醴聼康᧺敏䄙᧺敏섙棪纞끎㧲袁祈䅙姺敏셙�ʳ魘，ﺍ晳ᾴ퓟呇簩䭞蒗鎹⥥䏨ﭲ㑫ﾤ쮩꿭瓾
ퟶ䧫믿뜮솿懲�ᨷ㾡≼쯼अ㾁礃Ï嫶堇ຨ�شꮢ�轞ാ蠖瞩�Ứ苊ꈞ䕮㍏羈⫖뿞⿸绲砆鸸ค嚧꛲䶞鷡밍聋鮷䦬䌜䂷�ᄊ櫾ྴ罸砉�밇㿞�ʯ矯샇迡礫俓ǎꗞ��㸄Ǚ赧栭㋾㻰밀 俞臧﯀쀷迻ཌ朥ꓮ䆲湎漥췦�삹ʻ꽸�聛⓷羼砆矿締Ⱦ侼耷⟷薔厒劷ɝᮼ閆ꖼ⥹㞁伾ŭퟞ⠹ǝྼ쁣添騱ᢣ鮴胢ஷ띸耫ិ콸邤原췈雦짢⚛ᔧꑒ䖐둾꼀䔟싴ﰂ炷䅚ԣ₳ᒼꑊᵐ羝煉饿獿㧾蔠⤜䬔뻯쫻⼫낼⩄陻毈意
鏉㼧揄づ✓齎焼蓢�뮇矌�✙⋿仝�瓥苮吊酶砫�鷸◜遣牌ដꚊሔ䉒ଋ䌌ꐩง“㑲Ե솃ꗥ蔥劌矈쌝蹝勭ꥈ檋⥇䝫鐩銠໐ճ亅⚜凚ꖗ蠝弥؊撱ꉋ䒪ꔻ⤌⳥Ⓢ♈都ꕈ⦤꼥턞詏㊔䀀䒩敊́ថ⽨㨺瑿⥞钧隊툉ꉻ⥅钣㏲밋枮ᡒ뙡䩪㦩꼅亏㒽㫾运忇刀⠪檥鷱벟籸풑♚鉫厰蕠욉᪉契蔩䂩句⚑駐⌨⩔劐㢱�湢鲙䱜嫔쥒锨呂쓻뤞銄程䩨崥案鄮⩒똹䪽咅ᘪ膹腻È륪៩ﲸ鮋࡚㏫ﺠၩ쳷찙꤮苾ꖊ�酓�颃瑞ɜ⥒锩迹庀稃퀸㳢
낹耞松ꣾ鸑祗ﰆ楬賹ؠ麩琁隖ᢈ캻嬜봸붇쳵键꤂駎ច볩稤ዄ몹䂘ⵇ풧᥊皼䩒㬮驹ꀨ⦦ࢵ肏骏ꏠ≖䪵赴밚ᱳ垝耫澽㆓轝⯹鞖㰱냐벼➂䎞ꥃꝵ亚紵뉃黮믹뱞룫룹굙풤〩霽鐂䕚�栍ﳯ⧛��뼻ᄁ銅ⵐ腠ꑔ틌媢Ȇ끡쏊ꥨ䠕芝ᦖꛫ㨼ᶏ璖걿尛䉊晧ᓥ쒛쀎ଣ㹩끨촴ዊ뇰㸄赖噘뒋섐뤱左篳谮쀯銬啢偖籭؞栥㰜諐賈䴘丑Ꚗ哘ⵘ᫅쪝냻쏥鎖鏁쟴㵯묢니詪鳕：옧욗辏踯㴟싔爩☑椐␜覃―駕讋秇녘瑥ⴎ娒杆
ዐ愩‧뙢怬ꋜ댿喋嘠ʙ馲≕镖犊츪뉤鰔ᫍꔅㅑ嫰蠽巭艋袁苴Ꚇ䤵ㆨ勖ꔩ恑侬�颋軜千륂옺잗륰ꢙ�㎢䪡綮ᨮﴺ㷤㽑쒃깊Ꮧﴏ뵩ಉ鄔︃빊鼄벙╈瞟⯮곹奌뾾ｫᨧ乊�㉗䴋툷㧒㈵쿊案詊㞜哊㈕䉊毭⦤lj펯곣楌셶ṼⅪ䀴붎牡ਣ⛟轙앚쉐ꪝ뵖䭻헼탻㖡㮎좾ﻬ쓦묛뢯㯟罞�麉밟ffi㟔㹉繣聾⦡㚚↺ᯱﭺޞ�쏳䵯ࡰᖳ耴踅㞜풹ꌰ餒ẑ瘝鴙将ᡑ孕넽䃩⩨พⵎ鑮繃䳟ᕳ議飊셵䪸皝鵼娱꽓ﳻ烜詠ᠼ氞䅪杉뙁횦泥
홶骺᭪赜䍗ᚵ⺪ﾌ긓ᜳ䟜務ʁ駼鑽䄎誻ߞ뜣瑮헛�웸寣ᵾポ嚋孬Ồ밙仧ง뎽뿋�掫�ᵚ彑�렳�Ћ筞쇳徥꣤㸫�꧒믏軵駅�씟縏䶚쎪엹ῠꇙ簯쫼�糟箴㝷븺뤲꿻�膱纗穳쳃༝鶰瑗껶眳锼闘�殎㤂㟾뒫砥矶㺿�딃뮟经�맶꼇ﶺ�韉箦�艹㵛ﯭ⾟浸萟숦㼵㟜㯱ᯉ墨쪦ꍵ䵯綖ꏪ븻＿熡矱廫ﺲ珌⼳ꏽ暑襠䁆왤ѩ厬匥讀ꕋ虲䛣쒭줤맬侶ﯯ豞㲞赹뗷櫯碏蹵쯠䤆玟㷋
컝坎뎕ᬂ浄丬ꐚ첧ᄃ漿ᢖ诗쒟緻錮ጳ靷㔚몊욆욺ꝺ猕鈭鶘簾矌泏퓻㚓ꌯ追导뱡�쌜객ƒ䰧ꁼ䃻ﻧ᥋棞핰礷�렃䚵仸걌␆ἃ༆蛝랝�ꡬ了ꯎ쵅䨩痬裶❵羽ソ컅ﾝ綷軫橪럩ࡉ멕մ㒂쑑䂓ꠂꔴ璈兂璊꽂䦡蒑₢䁕ą鄁ꗞ₃計₠ĝꐅᒊ利⬅澽濝㧾칤㌹칳濌�㶿輇痟⿲웛鐂쾻䡌盩Ⴀ頋�䚍짷ᩋ᳘ᖻ爢䊪虥䉕䭭癝ꎛꠔ錙嶈ḧ躚삹ᢰ䵹�ￛ쁡ǣ៣圼㹏膊廔䊯Ṯ餣벺獡ꯕ�聝灗㉥죳鶣톨袪ᶹ�턱鍻ㆽ䨀쫅�豽
滚鵃⒭쑤鷔ሏ窭燼䅛䈼뫴倽辵냪겾轾ꡘ祺卄ꑴ㰪陲俁⣓髓醓ݞ㾧㗳㮊髮솧泔鳦奷ꐵ氤씳讝趃돋쫫ኢ䱳ᜣ䯌疮㫒챯猹ꜧ駬鎴嘦離橷곃컺쒞肉ꊿ蔞ꔉ쐗都坰ⷿ艨耀梯뫳ꎦ숦嫜婛馛ⵠ㉠塮䜫欗�ᰣŅȔĐᅫ容쟼辰ჯⷰ릵ឺ겦籩Მ鲤鬜꺷㕣㬫퇐幼שּׂ뮞붏畜틵蹴䷍ﰋ猄沶�䖌뭌皠뵠�킸ⳑꎙᔬ䩩討뛊ꒌ㮯᪻㡃掜鞟噝ᬤ癸쾵㦖䓶㭌풟퓜酧멛誆╫葇荺浈镄ഞ뛀봞剿ﱾ벽͢ꖳ폖ྃ鯘䶴嵵〶뱕鄰蛗⻢Ủ翶寞㲒
呉홦쉝틐ዐ䟊ໜ복㴿饒ꌾ华䏿뗨杽悔ᒂ楺ẫ尬㦳汆ﱠ纈⍁熹ض䜎㛑慖魿锐㚻暖㆞䂽᱇矧ᰄ谧ࣈ䭀﹂�섙䉐舔샶濟衱䟵鐈莒萂拾齿줁ff歶䃒魷؉繨綬聢휈ꚻᛓ錹恦핪ᄩꔛ�삞䔿䈸ዜ隢감僟甈ℌ뿼炅텿ᘶ◀㻭ఴ變瀃Ǘ솏∑瀂䀸篢ၗጰ⿼劻剗㏱阖渦塶⬡㶬ﴠ㪣င䃡�쩁餄礪뾲Ѡｒ봢睶밌┈럴㊝ᾋ藻あ㿶艡냙몋ɪ䷞䅌閞�뚇鏈㜷癄ࢎ賞龣ꢜ꣯榏ỉ嗂猎邺薎鞓☼㴡鸆犫〜歉筦队ꩥ蜡ᬡ㪗ᇅƳ袷杋叴頒鞼ᵪ⡶
᧦훶ꩴ駂瑥䏞쀚⻧類ꎽ椈䯯逗疠뮰욄虐�ꊧ꾤곐饭♽ɯ楲浆읯淋혞ਨꜹ麑흠셒蹹�묺롿꿁텓ꜩ뼼䗆賁揹彆䙚峰괖淬鈐韁ꑘ驦맙뵺ℷ쟜斚闙顛謖⼓ᵯ剒甌ᱠ룏껬觟諶䨎鈚䕰鲮퀪턪끔项㾳⮮溂Ḱᅳ㑉玨ⷘ揊�욠基酔띡붏崫⻯梻ㇽঝ츊쇤皸ꢨ뾕혦禹ﵩꚭ넇큚臣䭽즧ꤻ쟜疹༼ꇱ嫪쎋爜⟘ڂ萕⍍鿓㤛䡳�碲桺㓦漗쇨왣䔯摃蹂터鯴誜㊵峖召侈韱恞秄♈ꊎ��獮朗볶檂絗呤䇲ł㹝㤺쾴ｈ셵其䤽폩瓰婎䚲쒝Ṻൃ鉈垍猗惷汃꤄
꼷河褮响ᮄ쵮㱰➫枀ዅ㿄ࡀ翛긘勿灒뭅逭觉铠卻숔ﲓ厃笃㊯윂噿슄䄏퍡辟偻뢞뎠痤琩�킓䇄榖놃鸳屔챕�꥓炔—슒俠髏དྷ돺ｽ�俣恵ؗ塪↘奇憋鼊Ꮫ每㍞�燵ḟ紛戤፹뤼㦦쥏卒䬼솬쑯ᾥɉᛯ褃쫥⇹傢�捞㌞鲵䜰誖ᆣ㘪ꫧ쮟噐롓ଖ�ʠ뇚ꓦ竗Ậ엳쏕❕붭텮䬘�孕Ꚉ䨬栉겎弻訏舽链詭鐾쓝ড়ၞ뒊녓ꬮ澝牺ゞᖵ﹋ꊂ賮쩰픅ᵀ蠉︔⭬줌틉쉻䁡｣鞴了犭罚瓷騗圩莧烎蚙髱뤸녂潜蟉贳폩ꇜ뫭纪ꦌ
晸ं洳≞〢켜䜴㜸蟳铜◩員Я�༔⃖㩽३⧩Ⱎᡍ叛葢ﹸ瓖נ∊濰탲㹕綆ޮ羙Ự耷⡑�諯瘓尟磳쬛⾝ℇ櫓堸瑹料ȿ葲湬ႂᘒ倁ࡿ㕸ᴢ᳷뗀対ൖ쀯㗽㢗貺薽䄋◉糠케�뗘䲬뽶혨ꍂ牡함戓戲授쉲쓇敥빥䜷랴ⴹ筫掋걨붉ఓ屢㰔⺝➀⒥탨鿕㟙븸눥뼰럜՟쾩斿븀ᦽ绑�猟翮裧䠃樸荗ጊ䲦寬ﳔ砀鿈ⴅ坤䋐興䂖门㟻൵૮බ�홚㏚䊭㯪⌢Ὧ솁逐횄懷빌낯鰶鍋﹁�㜓藏뵛뙋⬨刜콊括걒퓦⽉헤䀲⃖吥뽲溣₥꠱꣑豘�碚ੱ
杧霮�퍿疍꧸쇁䒊枹郴㢞㮼硦쎞뙗儑籇宗瑊묺勨켘㚉�ꫵ㓡ꗲ孍籣貋锭ꏬᆘ蟱 혇꾔כֿ蝗櫟驮⠨ꛓ⸉累緺ᇟ뗧㍶涑玥�炾팰쥢�ታ〳閘㉞㦶ӊ⫁쉈䴆℺䎄ꪧ崝젨⎿痚榒�ẵ墮夌�䮘暆斊㌭辝瘣ퟴꉑ�ﲰ㬴骋䱢鄌닔쫈䕙៹욁엤图紻㭹藬�걫Άㆇ保껻鑆㦤ᙓ䩗釱ꋧ뗳譮쌼졧曷섃┺쁫⭄繂銶鏽뜴븿힣礓솊衖᪭뒬僊॓뺗⢻碿籓྿춣ꥬꅵ組ᮢ䅀廒�બ籏敫捛湯鸌哪毑鸺䳙㏭틶叧孉�O䰓�䠖㿁訰촏⋣ᡓ몥벺�睅ὡ
꣑ᴯ㸕辸퓭㤛⠵Ẃ䁅쑁爛帞厭餩全끘헌䏙ὃ蓒Ꝥ菽뼊즓ࡨ梺ᡪ㪰旙禑贀絤˫紘ǧ䀝䔫䔳堽念摉❇ﱂG⋳龀䰡ဨⲖ⻯슊쎁腰爯滜طȮ笆룤�酝ﭺ苕跸䏟㯶彼ﶏ䡁䪑ﷴ儆뇚䗇湅쐇㨥캹Ɜ욘ꭞ䌌Ɽ⓻嵻裮ᛚˌ䥞⌡ꫲ孊摮竎ﮆ쓋皸ㄾ麸왕砙˱蛜ŗ≌桯ᖸ逢阄ꔩꉺ粻꽙㺺놵왍匞몭恃┗麲燱臶膇줇愾ᅃꇚⶮ褀터ꙕꇗᅏ틜Ⰺ�ନ臦⦌鯾딼ﻥ퀘�膐굱ɒ鼨៛决ၦ甆벮�ᤩ뉾瀿ꫥ䶦ꝭ髊Ｊ埻椼탥ꦺ鍔휏힊捲쥁칅舵�覷ꁼ
瑧῟運⬴�䯯죷㹍ⳍ굩굨뒷㕴鈭࿊똋忣�귌퓓닢悵鉖홬ㄪ⎪줆㤝奌達䩉웳齢ᔕ粙䎙瑚瞏쿤䷝ﰒ沜虰黟ⱂ浏쵐꧆㴬㛏瞣죏�뉗耟ᤘ㤋ᘪ뭯膨ⓙ瞒顸ꋩ嚅㜚鞷❚磝鼷⤊ꫫ称쬎鿗ힿ⩋囌椡�ͥⒽﳍ魄끋系遽淃�嫐퉍ᶜ璖⌸싗霢빑肹悙꜀꾡閪垴굏뚚䎞ﶦᯉͪ鸪藊崨靁㨑䮚골麱㞳歘⌌埒樹簉೨觠ﰯ䏤挐듳㉭뛤ﱢ茗��ƅᢸ脂ቀ凈ᑚⷞ쏾汷ㄶꆖ崼싪쾵괫龭甁븯筻鄡뒔�핎ꖭꤕڻ沾湷췴⪃晉̝➵桱뵧縷圾ア铜㯻ြ椏
晙綌㑭搃㈫䥭嘙�пྫ젷㢶栛䗀⡓᳄槻㻐⛢䮐㥍⻛藖맬歹㪨鼤鎭法싞ﻹ绺둡錇㼴쾗�瓐긘蹾着췴Ⲩꪾ伍輟Ⲏᜑ䣔䵤諕Ĕ䅯縞帰蕺퇧폨뽈괲쒏럚귬♎㿈侘렯․힚湀�ᖡᠰ倰簓婣볲䷪헸ᮉ㕳칵쳙ퟣ휛㦣◘憶긝㊾콮貛幄蟑淴菟뵭陌⤛㥷㵟骇⥃ᶯ졵힢ꦘ☧�髩⊡越⠽Ꞃ佹岻삡鼲ጹ⏯㲥硔熱瞥嗀賢荪뢰Ѳ閴ꁬﲆ캛㘇稬怦囗�ﻅ㞐Ⳃﴮ낙跷﨩鼩첢撧瀄ᨙ��臘緍☡⠫␒ꁋ탂臰麒춃殶騆蘚䏴햼韄髬�ᙝ㟃
鬵颂ṣ択戜紓왂⋈駥圫臾쫣쇅擈ᜦ쟫�ᔕ㚒葯뿲�ȫ붛�쑓깟䐑迓遳鹝鈻囹볙ꄩἎ䩽⤞䇐玻먜螰缆狋弆᭭m栍傐歾㥎韀᎐Ë筒᭜뿡④巙䛣싓퇉럅ⷹﳍ熿ힶטּ椦滻줝ጟ쓤屮쥣䨮�뎎ఆ鋥પ黦Ⓟ㜱旂캍ꤨ獁鼻渗㐵觰죆癏ꦝⲱᚇ嫞乢喠�⺪䀜┉䁵䕄痄㌡ꏖ�㘣疎洂̎杒생夯�⧣�歳硍�瑸庫姝邉뱸㕢녢꺖뎓圞塾ﾛ켅窔狖空䌺︉戛ʛ輡饪뒋亂�䲢욾㈚绽ඟᆮ竇喚ⷓ픔ﻈ쓈䡕훐䇛遊鏜淡䥴ﺶⱝ둜靿퓄䤹鏋㕪῁民漯䚬䖮힃Ὶ
띣铗ᱝ獩胝酦䮢⦟뿎㺒䓵㻋噻墰͘퐃�鍼캧뻕舵쇼끽ꊮ練흋쯾靖㴈棖螇갱禇얪ኔ㸜楱�퇈搩唯됔蓌呜ꅺ廬ꮦ幅൬䧳넵ﵳ兌✳⥣뵡훝ꌠ北뛗牱芢뺱嶴Ỳ⍜뚰툞侀曳杦ऌ勺崼嬰뻈푈땠ᷭ랊ᬢ䠼퇌꩑꧊놾덃璘䭏웰慎缾鴶鋉绳瀩�뛚�拵뉎冝ⵋ➹佂馐繞擩嚆弉�⏟润♰ꆱ攭ᛗ缾픿狉ᔹ椏퀧挗⍪Ꙟ욝䅍㕸ቒꏢ䓔㘐䘢ᗅ駓锜稙 곙.燎ﮧ쏽봴絧ጒ₃ꃄ苉რ촋歗炄ょं稀丿뿀<龉ాఔ丿��忝₠“ΐၝ됂纑䷹７蛵䧂
�倛ꩻ癃쒝踟껞αꅉ저ꭶ鄑슦뽒ۿ꜇䓈檞亴�쨭紀筵벩ꔰ豖↴椙싃ꮓ፶㜥飛䃬猱ꯎ돚ἲ孔꧴㋤ਗ䲩䫼㼂붳ꕜ봅㍔歈ꫠ갮᪶蘱炶煳巍櫒畷⸊貍薜䉊㢖쥉秲삢垮萊ㆽ騑춦俖솩僱*┏ዿ㇑ﺌꮥힳ앨쾃氁鵻꩖�罭匲䨙擯⇇哎䙿첾௸璒ḓ륉㍖뷳�㷇䀍쎎덱渀쀚M顐꾥婲본㙅許Ｚ᥌뛝䭽༵꾹骺栗렁｛䬁䜃兩쌓ᄳ伭訨贽ാ磁튧큙郵钡흊邃㡟討肇ἒ髳렍ꗳ쑵�쎹ⲱ⎠可걑媛懲ힽ硴삐ੵ䗒ꎇ楃蓎잹隸䰻⸄�퐻霪턥䁳兰
郮㎕岧�腛讇볢쪪꺳푅ꦩ훐詽⭔巉犚�녯쏂嵉粩髵繀잍薑뗼ᕭ鮞ꠙ馧銷�✿뷍�⫝䅍禢迅籿懐麨転⑃屓사═䝿㣃䨤箼铝䖔㡧ʂ熾辞颁㎛䆙騅犠穡㿀햠別揷跜⚝㘉瞃䵺ﮌ⨙䁶ꇮꀟצ쿇嶷諦뤑塀㧆즍䃎浉ꔡᕞ鍫昷鮙휬ꪒ㹴钀첬聘Ẵ午㪂鴫쏇捑ᖾ뺺쟉빎ꙛ⨎믯⪰᪅頷땷붱錛逗侕뚣學⇐抢窇銽귅ﲬ큼Ǎ徻㡢ရ颶劻恰먹쳖ꛀꌼ쎉㇏◦쥩又옸�폇볥⑸嚀뫜⫐趛꼊쉓퍐뮜腈扮㓂뗝珖笤조�댑ߑ鞵Ꞑ梖�帩本蜻
�浯욞ᡰꗳ㈣⨊뷮ᩜ⪹緟�↬�釮찋솹ⰱ蓲䠔叛䧥냎쬔齓蚈쎖諨湥獤牴慥൭攊摮扯൪㌊‰‰扯൪㰊⼼祔数䴯瑥摡瑡⽡畓瑢灹⽥䵘⽌敌杮桴㌠㘰㸶ാ猊牴慥൭㰊砿慰正瑥戠来湩∽믯⊿椠㵤圢䴵䴰䍰桥䡩牺卥乺捔歺㥣≤㸿砼砺灭敭慴砠汭獮砺∽摡扯㩥獮洺瑥⽡•㩸浸瑰㵫㌢ㄮ㜭㸢㰊摲㩦䑒⁆浸湬㩳摲㵦栢瑴㩰⼯睷㍷漮杲ㄯ㤹⼹㈰㈯ⴲ摲ⵦ祳瑮硡渭⍳㸢㰊摲㩦敄捳楲瑰潩摲㩦扡畯㵴∢†浸湬㩳摰㵦栢瑴㩰⼯獮愮潤敢挮浯瀯晤ㄯ㌮∯ਾ瀼晤
债潲畤散㹲楍牣獯景쉴₮硅散쉬₮〲㤱⼼摰㩦牐摯捵牥㰾爯晤䐺獥牣灩楴湯ਾ爼晤䐺獥牣灩楴湯爠晤愺潢瑵∽•砠汭獮携㵣栢瑴㩰⼯異汲漮杲搯⽣汥浥湥獴ㄯㄮ∯ਾ搼㩣牣慥潴㹲爼晤区煥㰾摲㩦楬䴾牡片湡㱴爯晤氺㹩⼼摲㩦敓㹱⼼捤挺敲瑡牯㰾爯晤䐺獥牣灩楴湯ਾ爼晤䐺獥牣灩楴湯爠晤愺潢瑵∽•砠汭獮砺灭∽瑨灴⼺港摡扯潣⽭慸⽰⸱⼰㸢㰊浸㩰牃慥潴呲潯㹬楍牣獯景쉴₮硅散쉬₮〲㤱⼼浸㩰牃慥潴呲潯㹬砼灭䌺敲瑡䑥瑡㹥〲㔲〭ⴳ㔰ㅔ㨵㘲
㈺ⴱ㠰〺㰰砯灭䌺敲瑡䑥瑡㹥砼灭䴺摯晩䑹瑡㹥〲㔲〭ⴳ㔰ㅔ㨵㘲㈺ⴱ㠰〺㰰砯灭䴺摯晩䑹瑡㹥⼼摲㩦敄捳楲瑰潩㹮㰊摲㩦敄捳楲瑰潩摲㩦扡畯㵴∢†浸湬㩳浸䵰㵍栢瑴㩰⼯獮愮潤敢挮浯砯灡ㄯ〮洯⽭㸢㰊浸䵰㩍潄畣敭瑮䑉甾極㩤䑆〱㜹ㅁ䄭䈹ⴸ〴㔳䈭䍄ⴸ㐴㌹䌲䈶䈶䌷⼼浸䵰㩍潄畣敭瑮䑉㰾浸䵰㩍湉瑳湡散䑉甾極㩤䑆〱㜹ㅁ䄭䈹ⴸ〴㔳䈭䍄ⴸ㐴㌹䌲䈶䈶䌷⼼浸䵰㩍湉瑳湡散䑉㰾爯晤䐺獥牣灩楴湯ਾ†††††††††††††††††††††
††††††††††††††††††††††††††††† †††††††††††††††††††††††††††††††††††††††††††††††††ਠ†††††††††††††††††††††††††††††††††††††††††††††††††† †††††††††††††††††††††††††††††††††††††††††††††††††ਠ††††††††††††††††††
†††††††††††††††††††††††††††††††† †††††††††††††††††††††††††††††††††††††††††††††††††ਠ†††††††††††††††††††††††††††††††††††††††††††††††††† †††††††††††††††††††††††††††††††††††††††††††††††††ਠ†††††††††††††††
††††††††††††††††††††††††††††††††††† †††††††††††††††††††††††††††††††††††††††††††††††††ਠ†††††††††††††††††††††††††††††††††††††††††††††††††† †††††††††††††††††††††††††††††††††††††††††††††††††ਠ††††††††††††
†††††††††††††††††††††††††††††††††††††† †††††††††††††††††††††††††††††††††††††††††††††††††ਠ†††††††††††††††††††††††††††††††††††††††††††††††††† †††††††††††††††††††††††††††††††††††††††††††††††††ਠ†††††††††
††††††††††††††††††††††††††††††††††††††††† †††††††††††††††††††††††††††††††††††††††††††††††††ਠ†††††††††††††††††††††††††††††††††††††††††††††††††† †††††††††††††††††††††††††††††††††††††††††††††††††ਠ⼼摲㩦䑒㹆⼼
㩸浸浰瑥㹡㼼灸捡敫⁴湥㵤眢㼢ാ攊摮瑳敲浡湥潤橢ㄳ〠漠橢㰼䐯獩汰祡潄呣瑩敬琠畲㹥ാ攊摮扯൪㌊′‰扯൪㰊⼼祔数堯敒⽦楓敺㌠⼲字ㄠ㐠㈠⁝刯潯⁴‱‰⽒湉潦㌠〠删䤯孄䄼㤱ㄷ䘰䉄䄸㌹㐵䈰䍄㐸㤴㈳㙃㙂㝂㹃䄼㤱ㄷ䘰䉄䄸㌹㐵䈰䍄㐸㤴㈳㙃㙂㝂㹃⁝䘯汩整⽲汆瑡䑥捥摯⽥敌杮桴ㄠ〲㸾瑳敲浡鱸찭ᆱ傂萐㷡祐셏∙鲆�ኰ䩳눰㈈ꌰ⬅☠✠ꔱ؈묟灞둟ဿ�ﰬ�엩汌넠㸥Ⅲኮ턏覊⟸휹勤儀靈蠸㢣䒉⋄☒㯾⨗쩩㙘璍礝짟ﾘ㼂筲蠐湥
獤牴慥൭攊摮扯൪砊敲൦《㌠ള《〰〰〰‶㔶㌵‵൦《〰〰〰‷〰〰‰൮《〰〰〰㘱″〰〰‰൮《〰〰〰ㄲ‹〰〰‰൮《〰〰〰㔴‰〰〰‰൮《〰〰〰㘷‹〰〰‰൮《〰〰ㄹ‹〰〰‰൮《〰〰㜹′〰〰‰൮《〰〰㈰㈰‵〰〰‰൮《〰〰㈰㠰‴〰〰‰൮《〰〰㈰㐱′〰〰‰൮《〰〰㈰〲′〰〰‰൮《〰〰㈰㔲‶〰〰‰൮《〰〰㈰㈴‵〰〰‰൮《〰〰㈰㘶‵〰〰‰൮《〰〰㈰㌸‹〰〰‰൮《〰〰〰‷㔶㌵‵൦《〰〰〰‸㔶㌵‵൦《〰〰〰
‹㔶㌵‵൦《〰〰〰㈰‰㔶㌵‵൦《〰〰〰㈰‱㔶㌵‵൦《〰〰〰㈰′㔶㌵‵൦《〰〰〰㈰″㔶㌵‵൦《〰〰〰㈰‴㔶㌵‵൦《〰〰〰㈰‵㔶㌵‵൦《〰〰〰〰‰㔶㌵‵൦《〰〰㌰㌵′〰〰‰൮《〰〰㌰㈶″〰〰‰൮《〰〰㤳㌸‵〰〰‰൮《〰〰〴〰‰〰〰‰൮《〰〰㐶ㄹ‵〰〰‰൮《〰〰㠶㘰‴〰〰‰൮《〰〰㠶〱‹〰〰‰൮琊慲汩牥㰼匯穩㌳刯潯⁴‱‰⽒湉潦㌠〠删䤯孄䄼㤱ㄷ䘰䉄䄸㌹㐵䈰䍄㐸㤴㈳㙃㙂㝂㹃䄼㤱ㄷ䘰䉄䄸㌹㐵䈰䍄㐸㤴㈳㙃
㙂㝂㹃⁝㸾瑳牡硴敲൦㘊㐸㤲┥佅െ砊敲൦《〠牴楡敬൲㰊⼼楓敺㌠⼳潒瑯ㄠ〠删䤯普″‰⽒䑉㱛ㅁ㜹〱䑆㡂㥁㔳〴䑂㡃㐴㌹䌲䈶䈶䌷㰾ㅁ㜹〱䑆㡂㥁㔳〴䑂㡃㐴㌹䌲䈶䈶䌷崾⼠牐癥㘠㐸㤲堯敒卦浴㘠ㄸ㤰㸾瑳牡硴敲൦㘊㈹㔴┥佅F