Township Committee commitment to lowering debt pays off - A long-term commitment to reducing
municipal debt while using solid financial performance and a strong property tax base supported by high wealth and income levels have propelled Montville to the upper echelon of bond ratings issued by New York-based Standard & Poor's.
The new rating brings Montville into exclusive company in the Garden State -- only 13 government entities among more than 1,100 in New Jersey have the AAA rating, said Christopher Mortell, senior marketing manager for Standard & Poor's. See Daily Record.
According to Deputy mayor Jim Sandham, who heads the long term financial planning committee which was revitalized when Art Daughtry took office in 2005: "The raising of Montville’s bond rating by S&P can only mean good things for Montville and our residents. We already received a lower interest rate on the $10 million of bonds we financed this week, which equates to interest savings of over $25,000 per year or over $400,000 over the life of this bond issuance. And the timing is fortuitous as we are looking to re-finance previously issued bonds to further reduce our interest expense."
Continue reading "Montville upgraded to top financial rating!" »
Courtesy of Rob Lefkowitz:
The 02/26/08 TC meeting has been uploaded. The link is http://blip.tv/file/702718/ . Last week's meeting was viewed over 45 times, so at least there is some interest.
The meeting began with a discussion of the budget. Unfortunately, the meeting was not conducted on the dais, so the participants were not really audible on the video that I took. I, therefore, didn't post that part of the meeting. I will be attempting to get a copy of the budget for your readers if I can find the time. Discuss on OurMontville.com blog.
Continue reading "Video of February 26 Township Committee Meeting" »
Courtesy of Rob Lefkowitz:
"I've uploaded the latest TC Meeting. I thought that I'd provide a bit of a summary, as well as my own personal rant to see if anyone else is as troubled as I am with some aspects of the meeting. We don't get much attendance at these meetings, but perhaps people will want to chat about it. Here goes:
The Township Committee met on February 12, 2008. You can find the at video http://montvillemeetings.blip.tv For those without the time to review the video, here are some items that may be of interest and my commentary. I apologize if my interpretation of 'interest' differs from yours - these are not intended to be meeting minutes, nor are they complete.
Discuss on OurMontville.com blog.
Continue reading "Video of February 12 Township Committee Meeting" »
Robert Lefkowitz has generously provided videotapes of Montville Township Committee meetings.
The January 22 meeting is available in two parts: Part One and Part Two.
Continue reading "Video of Township Committee Meetings" »