AN IMPORTANT LETTER FROM JOEL GINGOLD: WILL CROTON'S MASSIVE INDEBTEDNESS CONTINUE TO GROW?
"Clearly, despite all evidence to the contrary, our Board believes that,
in fiscal matters, it is all-seeing and all-knowing, has all of the
answers, and need not debase itself by consulting with anyone else,
especially those with expertise in these issues. It is going to ram
through all of its pet projects regardless of their costs and their
impact on the benighted taxpayers of our village." READ MORE OF MR. GINGOLD'S LETTER ON THE CROTON POINT AVENUE PROJECT HERE.
From the letter and this tells you everything you need to know
ReplyDeleteEven more disturbing is the cavalier attitude taken by the Board towards the village’s Debt Policy, devised by the FSC and adopted by the Board. Croton is among the most highly indebted communities in all of New York State and the FSC developed this policy to reduce our indebtedness to a sustainable level over the next several years.
But during last week’s Work Session on the Capital Budget, when the Board was informed that, even without CPA, we would blast through the limits of the Debt Policy, the response was, “Well, so what!” “The policy is only a guideline and not a requirement.” “Previous Boards have borrowed even more.” Exactly.
I know the volunteers on the Financial Sustainable Committee have issued many reports but don't seem to be listened to at all. Thank you for providing the links and more. As a new resident, I'm kind of aghast and we're thinking of selling.
ReplyDelete