Sunday, February 27, 2011

A Snow Job....a lingering problem

As you may have heard this years snow removal budget, combined with last years and the years before that is at 2.37 million... and we still have another month or so of potentail snow storms.

CFO Kelly is quoted as saying, the 2.37 million, plus whatever happens the rest of this year, "can be tacked onto the next years tax roll, as long as we have figured out a way to close it within the tax rate".

Our CFO has stated she could take 400,000 from the reserve fund.. the fund used to keep our bond rating high

OR.. spend less in the operating budget this year and not fill certain vacant positions.

And lastly... the BOS and CFO have asked Rep Walsh and Senator Spilka for help from Beacon Hill.

These are the options left to us taxpayers for years 20102 and 13 and maybe 2014... putting off paying the bills now and hope we can cover them in years to come. This is why this Town, State and country are in such bad fiscal shape.

1 Comments:

At March 1, 2011 at 10:39 AM , Blogger Dylan said...

Isn't this behaviour of putting off todays bills to tomorrow what got us into the mess we are in right now in this country? Pay as you go should be the norm. No buying on credit and not putting todays bills off until next years budget. We have to pay what we spend, and if that means we do without, then we do without. Welcome to life in the 21st century in the good old U S of A.

 

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