Sunday, April 1, 2012

Aberdeen, the Township of Money Pit

Since the good people of Aberdeen have supported their monolithic democratic town council for over a decade, I have to assume to following will be welcome news.

Although the town budget hasn’t been posted yet, the township has announced good news; municipal property taxes will be going upabout 5% this year. That’s more than triple the rate increase from the school district. Once again, the township has successfully increased its share of the property tax pie.

More good news. The township continues to invest in senior housing with another $360,000 for CME to do more “environmental remediation” at the old South River Metals site. Don’t know if we’ll ever actually have senior housing but it won’t be for lack of spending money on CME. Perhaps it would be cheaper for the town to reincorporate as a wholly owned subsidiary of CME.

Too bad Aberdeen’s bond rating dropped. (Hat tip: AberdeenNJlife). Moody says the downgrade resulted from Aberdeen’s “weakened financial position following fund balance draws in each of the last seven years.” Makes you wonder if they’ve been reading the blog. Well, no problem. We can just raise more taxes.

On a final note, it’s nice to see the township recognize our old public defender, John Fiorino Jr; the council just voted to by his daddy’s property for $130,000.

Aberdeen. Such a nice town. If only it didn’t cost so darn much.
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