Bonding Blank Check

Whatever Union County can’t get from raising taxes as much as is allowable under the tax cap and stealing Open Space Trust Fund money they bond for each summer. Here is a history:

The jump to $59 million in 2016 was a record but at tonight’s meeting that record will be shattered:

787-2017 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 AND A NEW FIRE ENGINE, INCLUDING ORIGINAL APPARATUS AND EQUIPMENT, IN, BY AND FOR THE COUNTY OF UNION, STATE OF NEW JERSEY, TO APPROPRIATE THE SUM OF $72,389,463 TO PAY THE COST THEREOF, TO APPROPRIATE STATE GRANTS AND A CONTRIBUTION FROM UNION COUNTY COLLEGE, 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.
2017 for First Reading and authorize the Clerk of the Board to advertise the same in accordance with the law. The Public Hearing and Final Reading will be held on August 17, 2017.
Did the price of Signal Systems Equipment suddenly explode or is this part of a backdoor bailout for the Union County Improvement Authority fiascoes?
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