HAMMONTON BLOG

Members Login
Username 
 
Password 
    Remember Me  
Post Info TOPIC: Open the Champagne bottles, no wait.....
Anonymous

Date:
Open the Champagne bottles, no wait.....
Permalink   
 


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!!!



__________________
Anonymous

Date:
Permalink   
 

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!

__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us


Create your own FREE Forum
Report Abuse
Powered by ActiveBoard