The 11/5 Middleboro STM was reminscent of folks who live on credit cards and haven't figured out the associated costs. While the vested interests patted themselves on their backs, having achieved what they sought, amidst cries of 'It's for the......' (fill in the blank with 'children, seniors, library and so on), the BOS sat silent in their refusal to present the facts, explain the issues or risk alienating those special interests.
Rest assured, you will pay the cost, you just won't see it and the BOS won't explain what you've accomplished.
Freetown selectmen looking at funds transfers to meet budgets
Ms. Pacheco and Treasurer Anita L. Howland said going below $175,000 in stabilization would result in a low bond rating, making it difficult should the town need to borrow money.
October 2, 2007, Moody's Investors Service Press Release: Moody's Investors Service upgraded the issuer rating to A2 from A3 on the Middleborough Gas and Electric Department of the Town of Middleborough, MA. The upgrade incorporates the continued sound performance of the department and its strong cash reserves. This issuer rating is intended to be used as an assessment of the utility's financial strength and ability to honor its financial obligations and contracts. It incorporates the credit characteristics of the municipal electric utility, including its monopoly market position; unregulated rate setting authority; ability to recover costs monthly with a fuel adjustment charge; and sound financial operations and liquidity. The rating also incorporates the potential availability of the Town of Middleborough's liquidity and taxing authority to cure a nonperforming contract. JoryPepper
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