Here’s a big reason why:
All those millions are long spent but we haven’t even started paying off the principal. You can read a pretty good explanation of how Bond Anticipation Notes work here.
Click on the image to read Belmar’s bond offering.
Question of the day:
10 Comments
How bout paying off the principle without raising taxes?? Cut all budgets 10%. Stop buying palm trees and new cars.
PD should be driving Chevy, Ford or Dodge sedans not outrageously expensive high end SUV’s
Belmar town employee vehicles are nicer than most of the taxpayer’s vehicles
If Acting Cone Chief didn’t go out and buy a town owned personal pickup truck during Sandy, how else would he have been able to get all that Overtime and been able to use the town owned pickup to build that brand new house in Wall with all the Belmar tax payers money, Not to mention using the Belmar DPW trailer from his buddy Campbell. #BelmarHoodwinked
Storino Empire should be consulted. I
RICE notices should be sent to ALL non-essential Belmar employeez. Consult John Tobia!
#4- Sounds like you should contact the MCPO. Oh, silly me, these guys are all in bed with the Prosecutors Office, with the promise of a BS job when they retire.
300k for Acting police fleecer?
Can we get a discount if we pay off yearly tax bill at one time as long as it can be applied to a credit card? The Borough would make a lot of money right away.
We are a one mile town how do we have a chief of police making 300k?
#4 You are right. I’ve seen him in his tricked out borough issued pickup truck at a local building supply store loading building materials.
#7 If its revealed that he made $300k then he should be immediately fired and indicted for theft.
#6 Sad but true.
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