Saturday 27 April 2013

A Reader Asks:


Are there enough funds in the surplus accounts to cover the costs of properly repairing washed out roads and culverts or have the funds been depleted to cover tax deferrals?
Anonymous

Our source informs us that about 1/3 of the 2013 supply of crushed gravel had to be used to repair the washout. It's projected that additional gravel will need to be ordered and that's not budgeted. So, YES, more Reserves will be depleted, or Kearney’s road reconstruction program will have to be delayed yet again. The Reserves haven't been completely depleted but every year Louise Wadsworth's budget committee has been carving out huge amounts to fund tax cuts at a rate that will leave the town bankrupt by the end of the term. The Town is already having to borrow money to make ends meet.

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