Letter: Town in black, taxpayers in red
Published 10:46 am, Friday, April 6, 2012
The Board of Finance recently approved an increase of about $782,000 to the first selectman's 2012-2013 budget. This is a 3.9 percent increase over the current budget!
The first selectman insisted our budget keeps us in the black so the town can maintain a AAA bond rating. This rating will keep the town's interest rate lower, allowing the town to borrow more money. This year, 2013, our debt service in Fairfield is $25,929,804 -- up $1,089,625 from 2012.
Keep the town in the black on the backs of taxpayers who are in the red?
I don't think so. Wake up, Fairfield taxpayers.