Jump to content

BONDS, BONDS, BONDS


Guest TBA HARRISON
 Share

Recommended Posts

Guest TBA HARRISON
2001/02/08 JERSEY JOURNAL

Thu Pg 4, 336 words 

$1.4M in bonds to pay for garage, improvements 

Rose Duger, Journal correspondent ... the council chambers at Town Hall. Harrison will use $73,000 from its capital improvement fund as a down payment for the project, a move that is required by state law when towns issue local bonds, according to town Treasurer Elizabeth A. Higgins. The remaining $1,387,000 will be raised by the sale of the bonds, Higgins said. The largest tab in the proposed capital budget is $700,000 for a new garage for town vehicles. Mayor Raymond J. McDonough said the purchase price also includes... 

I'D SAY, $700,000 WELL INVESTED
Link to comment
Share on other sites

--The town has floated a $7 million bond to construct a pool and the athletic complex (2005)

-- $141,550 in bonds to help fund the project. The funding is earmarked for repairs to pump stations at Harrison, Garfield and John Hay avenues and the Gunnell Oval recreational complex off Schuyler Avenue

--$1.5 million in supplemental bonds to construct athletic facilities at the town's new high school (2004)

--The governing body also introduced a bond ordinance appropriating $250,000 to purchase three school buses and a van for the Harrison school district.

--More than $4 million in municipal bonds was up for sale last week to raise capital to pay off the town's debt to the state pension system

--Also adopted was a bond ordinance of $720,000 for capital improvements. Under state law, the Town of Harrison will have to provide $36,000 of that amount and issue bonds for the remaining $684,000, according to Town Clerk Paul Zarbetski. (2002)

--$10 million in bonds to pay off an outstanding loan on water system repairs and make capital improvements to several town-owned facilities(2001)

--The town will fund the $625,000 purchase through a $1.4 million local bond issued earlier this year, according to Mayor Raymond J. McDonough. The bond will also pay for capital improvements to two playgrounds, the senior and community centers and library, as well as the purchase of Public Works equipment. 01

--The equipment is being purchased with $1.4 million in bonds approved last month by local officials, according to McDonough. In addition to buying the vehicles, the bond ordinance calls for the purchase of a new town garage 01

-- Harrison to replace 100-year-old mains in $1.1 million project, Harrison will issue bonds to finance the project, but McDonough said

--A $3.5 million bond ordinance for the sale of John F. Kennedy Stadium from the town to the Board of Education was approved unanimously Friday evening at a special municipal meeting.

-- HARRISON - The town will issue $1.4 million in bonds to improve its sewerage system and help clean up the Passaic River

WHAT I FOUND INTERESTING WAS HOW THEY BORROW MONEY THROUGH A BOND TO PAY OFF A LOAN...........

Link to comment
Share on other sites

you mentioned money allocated for the purchase of 3 buses for the school system. This should have be a good idea from our town planners...since they sold away the fields that our kids play on--the buses could be used to take our kids to all the away games they must play. However, they forgot to higher drivers..imagine that..thousands spent on buses and no one to drive them...there they are just sitting there, depreciating in value--and what's happening...our kids are being bused in non-town buses (vendor buses) at an increased expense. I guess none of the mayor's buddies want a job as a lowly bus driver. So, whose supposed to hire the bus drivers? Maybe he's too busy fielding calls from his harrison ave legal office while he should be taking care of matters while he's on the clock in his comfy desk at the Harrison Bd of Ed office.

Link to comment
Share on other sites

Guest Angry Taxpayer
--The town has floated a $7 million bond to construct a pool and the athletic complex (2005)

-- $141,550 in bonds to help fund the project. The funding is earmarked for repairs to pump stations at Harrison, Garfield and John Hay avenues and the Gunnell Oval recreational complex off Schuyler Avenue

--$1.5 million in supplemental bonds to construct athletic facilities at the town's new high school (2004)

--The governing body also introduced a bond ordinance appropriating $250,000 to purchase three school buses and a van for the Harrison school district.

--More than $4 million in municipal bonds was up for sale last week to raise capital to pay off the town's debt to the state pension system

--Also adopted was a bond ordinance of $720,000 for capital improvements. Under state law, the Town of Harrison will have to provide $36,000 of that amount and issue bonds for the remaining $684,000, according to Town Clerk Paul Zarbetski. (2002)

--$10 million in bonds to pay off an outstanding loan on water system repairs and make capital improvements to several town-owned facilities(2001)

--The town will fund the $625,000 purchase through a $1.4 million local bond issued earlier this year, according to Mayor Raymond J. McDonough. The bond will also pay for capital improvements to two playgrounds, the senior and community centers and library, as well as the purchase of Public Works equipment. 01

--The equipment is being purchased with $1.4 million in bonds approved last month by local officials, according to McDonough. In addition to buying the vehicles, the bond ordinance calls for the purchase of a new town garage 01

--  Harrison to replace 100-year-old mains in $1.1 million project,  Harrison will issue bonds to finance the project, but McDonough said

--A $3.5 million bond ordinance for the sale of John F. Kennedy Stadium from the town to the Board of Education was approved unanimously Friday evening at a special municipal meeting.

-- HARRISON - The town will issue $1.4 million in bonds to improve its sewerage system and help clean up the Passaic River

WHAT I FOUND INTERESTING WAS HOW THEY BORROW MONEY THROUGH A BOND TO PAY OFF A LOAN...........

It's like you or me getting a cash advance on our credit card to pay off another credit card. But hey, we're getting a new soccer stadium in town and we only had to borrow FORTY MILLION DOLLARS MORE.

Link to comment
Share on other sites

  • 1 month later...

Bonds..bonds ... bonds...

Gee how does America grow.....

* corps sells stock...

* after stocks they sell bonds or issue more stock

* towns/cities/fed can't sell stock, they must issue bonds... it is the backbone of capitalism ...

please stop about the bonds....... you're all way off course about the finances of government... oh wait my taxes go up... that's your problem... not too many intelligent people to talk about this subject...

Link to comment
Share on other sites

!0 years of Re-development and taxes keep going up,.............Priceless

local taxes MUST go up... real estate goes up.. the market goes up... inflation goes up...only taxes going down are from GW.... hail the republic you democratic naysayers... keep looking to the left... don't hurt your neck..

do you really know where you're taxes go....

obvious answer from most is about the nepotism in harrison.... you don't get it....

Link to comment
Share on other sites

Guest 2smart4u
local taxes MUST go up... real estate goes up.. the market goes up... inflation goes up...only taxes going down are from GW.... hail the republic you democratic naysayers... keep looking to the left... don't hurt your neck..

do you really know where you're taxes go....

obvious answer from most is about the nepotism in harrison....  you don't get it....

Your ignorance of economics and town government is appalling, you must be a town councilman.

Link to comment
Share on other sites

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

×
×
  • Create New...