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InMendham.com Proposition #2 - debt
Mendham:
Town Stuff:
C'mon let's write some better laws!:
InMendham.com Proposition #2 - debt
     By 06. 06. on Sunday, December 31, 2006 - 12:14 am: |
The mayor and town council have the free ability to put referendums or initiatives on election ballots. Unfortunately, they rarely exercise this authority...Why? ... Plane corrupt Fear of public interest and scrutiny?
Unlike like petitions, and media gauges of public opinion, ballot questions (fairly phrased) are the only practically reliable way to measure popular (voter) opinion.... and someone (I guess that would have to be me) should challenge the council to permit public participation, through referendum, in the making of significant public policy decisions. So...
InMendham.com Proposition #2 (Draft of a suggested ballot initiative to be submitted to the town council for consideration after at least three participants on this message board provide their endorsement of the text)
Residents of Mendham Borough are carrying some $20 million in public debt (inclusive of the Borough portion of the $40 million debt carried by the regional high school). The interest that must be paid on this debt approaches $1 million annually, which approaches one quarter of the municipal budget (excluding school funding). Clearly this is substantial lost revenue, and the unpaid principal presents a future risk to the economic welfare of the community, especially if there is a downturn in the national economy. WOULD it be your command, that your local government officials thoroughly analyze, publicly debate, and fairly consider making budgetary allocation for the reasonably expedient "paying down" of local government debt.
[YES] [NO]
Constructive suggestions regarding improving the text would be appreciated. |
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