Last year, we were supposed to salute the efforts of HF on the AA Bond Rating. Apparently, in year 2009, theysinglehandedly lifted us to new heights of financial stature. But wait a minute.
What if we already had AA Bond Rating and this was another legendary election year gimmick? Shocking but perhaps true.
If we look at the minutes from the April 2008 Council meeting (a year prior to Mayor John DiDonato's announcement), there was this interesting exchange between Jimmy Bertino and the CFO:
Councilman Bertino questioned debt service and bond rating?
Mr. Scharle responded AA, very good bond rating.
So we already had a double A bond rating and probably had it for some time. So was the Mayor's announcement in 2009 just theatrics or was the CFO mistaken???
Another interesting exchange occurred at the same meeting: Mayor advised we are not authorizing additional debt in 2008 budget. Yet more debt was actually issued. (Authorizing debt is allowing for borrowing_issuing is actually borrowing). Was the Mayor mistaken or is this more double talk?
You be the judge!!! Yet more debt was actually issued. (Authorizing debt is allowing for borrowing_issuing is actually borrowing). Was the Mayor mistaken or is this more double talk?
You be the judge!!!Yet more debt was actually issued. (Authorizing debt is allowing for borrowing_issuing is actually borrowing). Was the Mayor mistaken or is this more double talk?You be the judge!!!
Why do you think he didn't run for re-election? He got everything he wanted and F'ed up this town good in the process. If everything was as good as he said then why wouldn't he want to continue the progress? The taxpayers and senior are just to blind to see this. They have not a clue!
