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BY SPECIAL REQUEST AND IN CASE YOU MISSED IT:
There They Go Again!
September 11, 2020
The following letter was published in this week’s issue of the Gazette.
To the Editor,
There they go again! The Gouveia property makes news again to the tune of $750K. The Democratic board had to have this property about five years ago, they just had to have it. It seemed to be an inside deal at the time and it was opposed by many in the Village, including me. The Board said the one million dollar endowment could be invested at 5% and we would have numerous events to make it a moneymaker. The investment plan did not come to fruition and there have been no events of consequence and no revenue.
So here we are again. I think the endowment has been spent. The burden of this project will come back to the taxpayers. This property has been nothing but a financial sinkhole and it will get worse if these improvements go forward.
Here is my problem. We are a village of 8,000 people and about 2,800 households with a budget of $19 million and outstanding debt over $30 million, which costs us almost two million dollars a year to service. READ MORE AT
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