Albany Debt Grows Weekly

 

While I’ve been enjoying the silliness of Albany from afar, I can’t help but feel a little sad about missing the passage of the “super secret” bonds through the finance committee and on to the Common Council. Now, these bond meetings are public…but boring as all get out. It’s kinda like Student Government night…just pass it and let me go home and worry about my immediate taxpayer concerns. And, that’s how it works….rob the future….a future where there will no one left in Albany to pay this administration’s debt.

 

Last night, the Finance Committee held a meeting on the two below rather vague projects adding to your grandchildren’s debt $2,390,000 over the $12.5 borrowed from their future to fill the City’s Budget hole. (And, that’s a regular thing!!)

 

When I asked how the meeting went, I was told that there is minimal attendance as “Judy runs that…it’s crazy.” To quote W.C. Fields…“If you can't dazzle them with brilliance, baffle them with bullshit.” The oh-so-common council is full of it.

 

Ordinance Number 5.22.16 - $1,595,000.00

 

CERTAIN PROJECTS BY THE CITY OF ALBANY AUTHORIZING THE ISSUANCE OF $1,595,000.00 SERIAL BONDS  (REPLACEMENT VEHICLES AND EQUIPMENT)

 

Ordinance Number 6.22.16 - $795,000.00

 

AUTHORIZING CERTAIN PROJECTS BY THE CITY OF ALBANY AUTHORIZING THE ISSUANCE OF $795,000.00 SERIAL BONDS (REPLACEMENT EQUIPMENT)

 

If you didn’t represent last night, you’ve got another chance to say “whoa!!” as another in an ongoing series of Bond issuances against your future will be slid under your nose on, Tuesday March 8th at 5:30. This committee will add another $6,829,640 to your grandchildren’s bonding debt to a growing total of $9,219,648….add that to your $12.5 million. (Tip: Google maps….directions: Albany to anyplace else…try it!!)

 

Ordinance Number 7.22.16 -$194,640.00

 

CERTAIN PROJECTS BY THE CITY OF ALBANY AUTHORIZING THE ISSUANCE OF $194,640.00 SERIAL BONDS (GAS ISLAND CANOPY PROJECT)

 

Ordinance Number 8.22.15  - $2,400,000.00

 

CERTAIN PROJECTS BY THE CITY OF ALBANY AUTHORIZING THE ISSUANCE OF $2,400,000.00 SERIAL BONDS (STREET RECONSTRUCTION)

 

Ordinance Number 9.22.16 - $480,000.00

 

CERTAIN PROJECTS BY THE CITY OF ALBANY AUTHORIZING THE ISSUANCE OF $480,000.00 SERIAL BONDS (SIDEWALK RECONSTRUCTION)

 

Ordinance Number 10.22.16 - $205,000.00

 

CERTAIN PROJECTS BY THE CITY OF ALBANY AUTHORIZING THE ISSUANCE OF $205,000.00 SERIAL BONDS (ADA COMPLIANCE)

 

Ordinance Number 11.22.16 - $1,000,000.00

 

CERTAIN PROJECTS BY THE CITY OF ALBANY AUTHORIZING THE ISSUANCE OF $1,000,000.00 SERIAL BONDS (RENOVATIONS TO CITY BUILDINGS)

 

Ordinance Number 12.22.16 - $500,000.00

 

CERTAIN PROJECTS BY THE CITY OF ALBANY AUTHORIZING THE ISSUANCE OF $500,000.00 SERIAL BONDS (BRIDGE IMPROVEMENTS)

 

Ordinance Number 13.22.16 - $150,000.00

 

CERTAIN PROJECTS BY THE CITY OF ALBANY AUTHORIZING THE ISSUANCE OF $150,000.00 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (WASHINGTON PARK IMPROVEMENTS)

 

Ordinance Number 14.22.16 - $150,000.00

 

CERTAIN PROJECTS BY THE CITY OF ALBANY AUTHORIZING THE ISSUANCE OF $150,000.00 SERIAL BONDS (NORMANSKILL FARM IMPROVEMENTS)

 

Ordinance Number 15.22.16 - $1,500,000.00

 

CERTAIN PROJECTS BY THE CITY OF ALBANY AUTHORIZING THE ISSUANCE OF $1,500,000.00 SERIAL BONDS OF (HJB BRIDGE IMPROVEMENTS)

 

Ordinance Number 16.22.16 - $250,000.00

 

CERTAIN PROJECTS BY THE CITY OF ALBANY AUTHORIZING THE ISSUANCE OF $250,000.00 SERIAL BONDS (ASBESTOS ABATEMENT)

 

If you want any details on the above bonds, or the terms of the bonds, you’ll need to attend the Finance Committee meeting, chaired by Sheehan fan, Judy Doesschate at 5:30 next Tuesday. I won’t be there…I’m in God’s Country.

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