Category Archives: debt service

>Tony Fiore Respondes to Latest Robo-Call

>Over on his “new” blog provided by Middletown-Patch, Middletown’s acting mayor Tony Fiore, has addressed the latest robo-call that was sent out by the group Concerned Citizens Of Middletown, that talked about the amount of debt the Township is carrying. If you ask me, Fiore’s response just lends credence to the message that went out last Friday.

His answer is the same stock answer that has been given many times before but only this time he providers a true debt number of $72million that so many before him have been reluctant to confirm!


And how is it that Mr. Fiore is so sure who is responsible for these robo-calls when so many (myself included) do not? He blames the Middletown Democrats for placing them, which if that was the case, I think I would know about it. It seems to me that these robo-calls have struck a nerve and seem to be factual based by his response to them.

Also I believe, the point of how much debt the town can borrow itself into, is a silly one; who cares what a towns’ or persons’ credit card limit is when it is already difficult to meet the minimum payments on the balance!

Middletown hasn’t had it debt rating updated in several years, It has been shown recently that credit rating agencies like Moody’s and Standard & Poor aren’t worth much. After the financial meltdown of the past few years, many of the investments that caused the near collapse of the economy were rated A, AA, or AAA from both of these institutions. Knowing that why would anyone want to tout how special they are? They’re not.

On the final point about the blocking of a return phone number, I don’t know what Fiore is talking about, unless he wants to incite others into believing that these messages have no integrity, which I’m sure is his intent, he is living up to him nick-name of the “Fibber”. Every call that I have received by Concerned Citizens of Middletown, including Friday’s, had a return number left on my caller-id.
True it wasn’t a Middletown phone number or one from the immediate area (I think it was Dunellen), but there was in fact a phone number associated with the call.
On a side note – I don’t know how Fiore’s blog on Middletown-Patch works, but this posting was dated Tuesday May 24 at 12:58 PM, right in the middle of a busy work day. Doesn’t Tony have a job that he needs to attend to at 1pm in the afternoon? True, he may have been on his lunch hour but I think not. Working on Township business (which this clearly is), on company time is a No-No as everyone knows.
I wonder what his employer would think????

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Filed under blog, bonding debt, Concerned Citizens of Middletown, debt service, Middletown NJ, Middletown Patch, Moody's, Robo-calls, Standard and Poors, Tony Fiore

>New Robo Call From Concerned Citizens Of Middletown on Bonding Debt

>Shortly after 12:00PM this afternoon my phone rang, on the other end of the phone was another robo-call from the group calling themselves “Concerned Citizens Of Middletown”. This time the robo- call’s message was geared toward “bonding” and the amount of debt that the Township has incurred over the years.

According to the call, Middletown is currently $73 million dollars in debt and nearly 20% of very tax dollar collected by the Township is must be allocated to pay it off, which seems about right to me, give or take a little either way.

People have been asking me if I have any information on this group, unfortunately I don’t but would like to find out. My suspicions are that they are a Tea Party group or a few disgruntled township employees who want to get information out about the shell games the Township Committee has been playing over the past couple of years.

If any one has any other information on this “Concerned Citizens of Middletown” group, please send it along.

Below is the message that went out today, I recorded off my answering machine so that I could post it here.

http://www.archive.org/flow/flowplayer.commercial-3.2.1.swf

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Filed under bonding, Concerned Citizens of Middletown, debt service, loan payments, Middletown Township Committee, Robo-calls, Tea Party

>Middletown Planning To Impose Fees Onto It’s Library

>On top of demanding that the Middletown Library fork over it’s budget surplus to the Township so that it can balance it’s own budget and avoid laying of members of the Middletown Police force, the Township Committee is now planning on having the Library pay rental fees to occupy the it’s premisses throughout the Township.

That’s right, the Township want to charge the library market rate rental fees to occupy the building that house the system.
The Township is planning on charging the Library a total of $119K a year in rental fees for the Main library and its satellite branches in Port Monmouth and Lincroft.
The Township is also planning on the Library to paid off the debt that the Township incurred for the construction of the main Library on New Monmouth rd., which would be an additional $542K a year in principal and interest charges taken from the coffers of the Library.
Here is a PDF file that show’s the charges that the Township Committee wishes to impose on the Middletown Library
I think it is safe to say that if these fees are imposed on the library, the library as we know it will no longer exist. The quality service and experiences that make Middletown’s library so special to the tens of thousands of residents that use it every year will be lost.
If the Township is successful in imposing property rental fees for the buildings that the library occupies than a new precedence will have been established for Township own buildings.
In that case than, rental fees should be charged against the Middletown Arts Center instead of leasing the property to the Arts Council for $1 a year, and to all groups or departments that use township property or buildings.

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Filed under budget surplus, debt service, Middletown Library, Middletown Township, rental fees