24 Million Needed, Not to exceed 31 Million
3 Million Needed, Not to exceed 6 Million
1.8 Million Needed, Not to exceed 3 Million
The 2 daily newspapers covered the meeting, but only one accurately reported on
what happened, but don’t take my word for it read both, and decide who reported
what.
Thank you Times Leader for sending a reporter to our council meetings,
and Thank you Citizens Voice for sending a warm body. OK, I know that’s unfair and uncalled for,
RIGHT?
Seriously read both articles.
It’s as if the Times Leader attended the
Wilkes-Barre City Council meeting, and the Voice, well, God knows what meeting
they were at.
Councilman George Brown asked if the ordinances could make it clear
that the city was not borrowing new money. Said Leighton: “No money from this
bond refinancing is going into the general fund.”
- OK so then why not be clear about nearly 29 Million needed, NOT 40 as requested?
City resident Frank Sorick asked that the bond refinancing be given
more time for review because the details of the ordinances were not released
until a few hours before the meeting. “For that reason alone I would ask that
this motion be tabled and go no further until the public has the chance to
digest what is being jammed down our throat once again,” he said.
- Why not release the ordinances days prior to the meeting?
Could it have anything to do with the fact that when Lie-A-Ton first took
office the city’s overall debt was around $60 Million TOTAL, and today we are
close to $110 Million? So what took the city a lifetime to accumulate,
Lie-A-Ton doubled in just 10 short years, but hey we have GOOD CREDIT RATING.
From the comments of the Times Leader, Bill "Danger" Robinson
FYI: Standard and Poor's an "A" is not the highest rating but rather the third highest. An "A" is deemed "somewhat more likely to be affected by adverse business conditions than are insurers with higher ratings."
Wake Up Wilkes-Barre
Source:
- Wilkes-Barre looking to refinance $40 million in bonds, Mayor Leighton says it will go toward restructuring long-term debt
- W-B officials weigh debt refinancing
- Standard & Poor's Ratings Definitions
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