Thursday, October 15, 2009

0% COLA in 2010

The Social Security Administration today announced a 2010 Cost of Living Adjustment (COLA) of 0% for Social Security recepients. In response to this news, Township Committee candidates Harlin Parker and Jody Price have vowed not to vote for a 2010 municipal budget containing a tax increase exceeding 0%. In other words, they will not vote to increase your muncipal tax bill in 2010. Period.

Harlin and Jody's reasoning is simple...we shouldn't ask more from fixed income seniors if they have no way of paying for it.

This is in stark contrast Ken Short who increased municipal taxes by 11.1% in 2005 and has yet to vow to never do it again.

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