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They warned NJ needed to borrow billions. Now there’s a booming surplus. What happened?


Pitched as a ‘last resort,’ borrowing nearly $4 billion to deal with COVID-19 made a significant boost to the bottom line

By John Reitmeyer, NJSpotlight

They warned “winter is coming” and said then-President Donald Trump’s administration deserved “shame” for not sending New Jersey more robust federal aid.

Read the rest of this entry » Posted: February 26th, 2021 | Author: | Filed under: New Jersey, New Jersey State Budget | Tags: , , , | Comments Off on They warned NJ needed to borrow billions. Now there’s a booming surplus. What happened?

Why I am voting NO on the Middletown Board of Education Election March 11 (Today)

By Chris Fotache

The Middletown Board of Education is attempting to borrow $32 million through a voter referendum on Tuesday March 11, 2014. You have probably not even heard of this because they are doing their best to keep it a secret so that only the school PTA’s and PFA’s (their cheerleaders) are the only ones who come out to vote. They have them brainwashed that this is such a great idea. What many people fail to realize is that the BOE spent $8 million over the last 2 years replacing roofs that needed to be fixed. This was done with extra money left over in the budget. And it was done with only 1% tax increases over the last 3 years. Why now does this new BOE need to pay an architect $1.3 million to do this work all over again? They paid this very same architect over $200K over the last year to do this same exact work. Why are they paying them again???

The answer is they can’t explain it. They refuse to answer any questions. They say vote for it because it’s for the kids. HOW MANY TIMES HAVE WE HEARD THAT BEFORE?

While it’s important to have the schools safe and running in a functional manner, the new Board’s level of mismanagement, misinformation, and incompetence is staggering. These repairs will get done whether the referendum passes or not as it’s the Boards’ obligation to do especially since the repairs are now public.

The board owns 11 properties in town worth millions that they could sell to fund these fixtures. Why are they not selling them and asking the tax payer to fund this. If the referendum fails, they will be forced to sell some and use that money to fix the schools AT NO COST TO THE TAXPAYER.

Don’t forget that not so long ago, a $78 million referendum was passed to upgrade schools. So if they were mismanaged in the past, what guarantee do we have that these $32 mil won’t go to waste?

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Posted: March 11th, 2014 | Author: | Filed under: Education, Middletown | Tags: , , , | 9 Comments »