UCCF 8/17/17: $50 Million Bonding Details

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, MONEYS FROM THE COUNTY CLERK’S TRUST ACCOUNT 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.


.

Detail on appropriations:


5 responses to this post.

  1. Posted by readslikeamofiabook on August 26, 2017 at 9:31 pm

    $3 million for cars? These freeholders are drunk on taxpayers’ money.

    Reply

  2. […] the messes we have hiding in New Jersey. Off-budget revenue, ‘trust’ funds raided, debt supplementing taxes, and still, from what we are allowed to see, the highest-taxed state in the worst fiscal […]

    Reply

  3. […] Outgoing County Manager Al Faella desperately wanted to make this statement: . . County taxes (excluding the Open Space theft) since 2001: The tax amount is completely made up with an eye to the future (assuming tax levy caps continue in New Jersey). Taxes could be much lower this year by reducing the amount of the surplus but, because of the the way that the tax cap levy is calculated, lowering the ‘Revenue to be Raised by Taxation’ line item in any year cuts into limits in future years. This, however is a phony problem in Union County which, if it turns out needs more money, can always sneak it out of the April bond sale. […]

    Reply

  4. […] The tax amount is completely made up with an eye to the future (assuming tax levy caps continue in New Jersey). Taxes could be much lower this year by reducing the amount of the $25 million surplus but, because of the the way that the tax levy cap is calculated, lowering the ‘Revenue to be Raised by Taxation’ line item in any year cuts into limits in future years. This, however is a phony problem in Union County which, if it needs more money, can always sneak it out of a bond sale. […]

    Reply

  5. […] is a phony problem in Union County which, if it needs more money, can always sneak it out of a bond sale. […]

    Reply

Leave a comment