MB Lover

Irvington, NY

#1 Jun 21, 2013
I just read in Newsday that the Village just voted to authorize a 1 million dollar bond to purchase and fix up the nutrition center. My question is what is going to happen when payment is due on all the bonds they are floating? Look at the Town of Brookhaven who over many years just kept approving bonds and now they find themselves in a huge financial mess because they can't afford to pay for them.
Finally

Irvington, NY

#2 Jun 22, 2013
MB Lover wrote:
I just read in Newsday that the Village just voted to authorize a 1 million dollar bond to purchase and fix up the nutrition center. My question is what is going to happen when payment is due on all the bonds they are floating? Look at the Town of Brookhaven who over many years just kept approving bonds and now they find themselves in a huge financial mess because they can't afford to pay for them.
Finally someone is asking the all important question--how is the Village going to pay back all the bonds they have taken out? I am sure the answer is simple, raising our taxes will be the only way that will happen.

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