AND NOW A WORD FROM CROTON UNITED REGARDING THE RECENT FINANCIAL SUSTAINABILITY PRESENTATION & VILLAGE DEBT

And now a word from Croton United: It’s bewildering to see Trustee Brian Pugh’s post below (click on the photo) where he says that “financing major infrastructure improvements when interest rates were low was the fiscally responsible choice.” 

This is apparently his response to the presentation earlier this week by the Financial Sustainability Committee, during which the members of the committee clearly stated that although interest rates have been low, the village took on too much total debt—particularly during the period from 2012 to 2015. The committee cited 2015 data from the Empire Center for Public Policy (a private not-for-profit think tank) showing that Croton then had the 6th highest Debt per Capita among regional municipalities (out of 81) and the 36th highest debt burden out of all 557 medium sized villages in New York State. READ MORE HERE http://bit.ly/2h5PkgM