Tuesday, October 13, 2009

Only $190K to go!

Congrats to the Township for signing an agreement with Tewksbury allowing them to lease our court facilities for $10,000 a year. With the Township Committee having botched our dispatch arrangement with the Chesters that would have brought in $200K in interLocal revenue next year, this new agreement means taxpayers are only on the hook for $190K in loss revenue due to the Committee's inability to hold on to funds that will be sorely missed in 2010.

Having predicted this year's trend reversing municipal tax increase, based on known commitments, shrinking revenues, and a dwindling surplus, I can say in all confidence, taxpayers should be prepared for a huge tax increase in 2010!

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