The overwhelming national and state election news is liable wipe this weeks local election out of our consciousness. Local elections usually effect us more than national ones do.
It is important not to ignore this upcoming election.
Here are a few things on the ballot:
Here is the borough election pamphlet to read more.
I wonder how the bonds will sell in this financial market. Bonds are backed by property taxes. Property taxes are based on two things, the value of the property taxed, and the mill rate that the local government charges on those values.
While we have not had declining values in our area yet, other parts of the country have seen drastic declines. That could raise questions about the stability of municipal bonds. We have to sell bonds on the global market and I’m not sure how good that market will be. It may be time for the borough to start thinking about alternative methods of funding these large capital projects.