Guest Angry Taxpayer Posted March 1, 2006 Report Share Posted March 1, 2006 Does anyone know what the town's debt service is ?? That's the total amount of bonded debt the town owes. Quote Link to comment Share on other sites More sharing options...
Guest 2smart4u Posted March 3, 2006 Report Share Posted March 3, 2006 Does anyone know what the town's debt service is ?? That's the total amount of bonded debt the town owes. <{POST_SNAPBACK}> They don't share that information in town hall, but my guess would be well over $100,000,000. They've been borrowing money left and right for this redevelopment project. The metrostars, developers, bankers, attorneys, politicians , etc. are all going to benefit from all this spending, but guess who gets to pay the increases in taxes for this huge debt. For a square-mile town of some 12-14,000 people to have this much debt is unbelieveable . Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted March 4, 2006 Report Share Posted March 4, 2006 Does anyone know what the town's debt service is ?? That's the total amount of bonded debt the town owes. <{POST_SNAPBACK}> take a ride down south jersey ask one of the many house owners there! Quote Link to comment Share on other sites More sharing options...
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