Thursday, August 25, 2011

In 2010 Mayor Alerts Syracuse Citizens About Maximum Bond Debt - Why is our local govt. trying to bring on more debt now?

Syracuse tackles $900,000 deficit in the park impact fee fund

(Article by Bryon Saxton, Standard-Examiner staff Sat, 07/24/2010 - 7:42pm)


"Compounding matters is the fact previous leaders have taken Syracuse to its maximum bond debt to build a new city hall and fire station, Mayor Jamie Nagle said. The city, in 2006 and 2008, issued a combined $15 million in bond debt for new buildings, said Amber Fowles, city finance manager. Those building bonds do not include the 10-year, $2 million bond issued in 2005 to develop the Jensen Nature Park."