$59 Million Bond Ordinance – 2016

Whatever Union County can’t get from raising taxes as much as is allowable under the tax cap and stealing Open Space taxes they bond for each summer. This year it is $59 million:

776-2016 BOND ORDINANCE TO AUTHORIZE THE MAKING OF VARIOUS PUBLIC IMPROVEMENTS AND THE ACQUISITION OF NEW ADDITIONAL OR REPLACEMENT EQUIPMENT AND MACHINERY, NEW ADDITIONAL FURNISHINGS, NEW COMMUNICATION AND SIGNAL SYSTEMS EQUIPMENT, NEW INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS EQUIPMENT AND NEW AUTOMOTIVE VEHICLES, INCLUDING ORIGINAL APPARATUS AND EQUIPMENT, IN, BY AND FOR THE COUNTY OF UNION, STATE OF NEW JERSEY, TO APPROPRIATE THE SUM OF $58,933,154 TO PAY THE COST THEREOF, TO APPROPRIATE STATE GRANTS, TO MAKE A DOWN PAYMENT, TO AUTHORIZE THE ISSUANCE OF BONDS TO FINANCE SUCH APPROPRIATION AND TO PROVIDE FOR THE ISSUANCE OF BOND ANTICIPATION NOTES IN ANTICIPATION OF THE ISSUANCE OF SUCH BONDS.

.

.

The Westfield Leader noticed that the amount was a little higher this year:

Union County freeholders introduced a $58.9-million-general-purpose bond ordinance last Thursday, by far the biggest ticket item on the 11-page agenda….The bond was $15 million more than a similar ordinance passed last year and the largest amount of what has become an annual summer action over more than a decade by the freeholders, eclipsing the $49.6 million bond adopted in 2011.

The only details…were included in the printed agenda, and read aloud….The wording was similar to past years. A public hearing and final vote is scheduled for Thursday, August 18.

Looking over the Ordinance itself provides no more detail as the word ‘various’ is appended to practically every line item.

 

Advertisements

3 responses to this post.

  1. Posted by steve on July 29, 2016 at 3:29 pm

    MY town (union) does the exact same thing,except when items are actually listed it is preceded by ” but not limited to” so get ready for that double-speak—I wonder how many tax-payers know the services are mostly all provided on borrowed monies?—-keep up that AAA rating—–

    Reply

  2. […] for the vans anyway,whether or not the other towns really need them, probably as part of that $59 million in new bond money coming in that taxpayers in all towns will have to pay […]

    Reply

  3. […] jump to $59 million in 2016 was a record but at tonight’s meeting that record will be […]

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: