So let me see if I have this right – $46,000,000 in debt, bonded over 20 years at 3% interest would mean that with 2920 “Taxpaying Properties” in town – the total cost per property over 20 years is $20,698, with the annual cost per property being $1,048, and the monthly cost per property being $87.37. No thank you – please stop borrowing and let us survive any further taxation.
Got my sample ballot today…in the question it says “Issuance of $7,000,000 bonds or Notes of the Borough to Finance PART of the Cost Thereof.” Does this mean that the $7,000,000 is actually only part of the total cost ?
{ #8- Good governance??? Really. Just keep raising taxes and wasting money on crony jobs. Lake Como's taxes keep going down and we continue to subsidize ... }
{ I agree with # 10. # 8 Continues to criticize the Doherty administration without provocation. Her comment, “The gift that keeps on giving “ is ... }
{ 8-Interesting. The world is black or white for # 8. Nothing in between. She continues at every opportunity to bash the previous administration, “ her ... }
Tom Dilberger { #8 - If you believe that, I've got a bridge to sell you - just accounting tricks put on paper. }
Average Joe { Anybody know the average number of times the water tower was used in 2020? }
Ken Pringle { I believe #10 is correct, this is about the 12th Ave ground storage tank, not the water tower. At the December 11, 2013 Council meeting, ... }
Resident { I agree with Katrina on this one. I’m sure Doherty and Connelly were not transparent to other council members at that time and did what ... }
Tom Dilberger { #5 - If it's the tower down at the DPW yard, it's not a lot of money - Some interesting rigging having to happen for ... }
Anonymous { I believe the water tower they are referring to is the small one on 12th ave across from Jaeger Lumber that water tower had its ... }
4 Comments
$52 million on Dec 31 2013 debt statement, plus $4.5 FEMA disaster loan, minus the $10.5 put into the budget Aug 5th, equals $46 million.
So let me see if I have this right – $46,000,000 in debt, bonded over 20 years at 3% interest would mean that with 2920 “Taxpaying Properties” in town – the total cost per property over 20 years is $20,698, with the annual cost per property being $1,048, and the monthly cost per property being $87.37. No thank you – please stop borrowing and let us survive any further taxation.
Got my sample ballot today…in the question it says “Issuance of $7,000,000 bonds or Notes of the Borough to Finance PART of the Cost Thereof.” Does this mean that the $7,000,000 is actually only part of the total cost ?
Who the heck knows with these spenders. The sky is the limit………..
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