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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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