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April 18th, 2009

“Redemption of Debt” – A Ponzi Scheme For Taxpayers

Twelve pages of the Town Operating Budget have been posted in succession. The title list is at the top of the right sidebar. Just click on the title to see that page of the budget.

by John 

The proposed Woodstock town operation budget increases expenses by 3 percent for 2009-2010. For people who do not read through to page 29 of the proposed budget, the announcement in the Villager (April 3rd) that the Town Hall had submitted a flat budget with no increase for the coming fiscal year sounded laudable.

This is especially so given that the Town Hall staff will not receive raises in the 2009-2010 fiscal year. But, it is difficult to forget that many of these staff received 9-10 percent raises in Ms. Wholean’s final year. So by not taking raises this coming year, these staff are still benefiting from inappropriate raises given two years ago (who else in Woodstock got 9-10 percent raises that year?). This was self-awarded merit pay I suppose. But Ms. Wholean said on WINY that she needed to jack up her salary so that the Town would eventually be able to afford a Town Administrator ;-) .

The 3 percent increase in the Town Operating Budget is apparently justified because debt service will diminish by that amount or by about $135,134. This appears to be how the Town grows the budget transparently (it’s transparent to the taxpayer that this is how the zero increase was achieved). It’s sort of like a Ponzi Scheme perpetrated on the taxpayer. It’s clearly a scheme; otherwise town officials would explain this calculation. I doubt that many taxpayers actually read through the proposed budget. Instead, they accept what the Villager tells them; and they are oblivious of what the Villager doesn’t tell them. I doubt that the reporter Sanderson actually read the budget. Read the rest of this entry »

April 18th, 2009

Proposed Town Operating Budget Comes Up for Discussion at the BOF Meeting on Tuesday

It has been reported that the Town of Woodstock (both the Town Hall and the Board of Education) produced budgets with a zero percent increase overall for the 2009-2010 fiscal year. On page 28 of the General Government Operations Budget, an increase of 3% is noted for the 2009-2010 fiscal year ($4,511,568 to $4,646,702); however with “Redemption of Debt” diminished by a negative $135,134, the bottom line computes to a 0.00% increase (page 29) for the overall Town Operating Budget. The bulk of the $135,134 saved in redemption of debt in principal & interest payments is the reduction in an annual lease payment by $96,359 (from $105,000 down to $8,641) without identifying what was being leased. Also in this redemption of debt on the Town Operation side a reduction of $5,650 in costs for K-4 school renovations is included. So putting aside reductions in principal and interest payments the Town Operating Budget actually increased by 3% for 2009-2010. To put it another way, these reductions in principal and interest payments were not passed onto the taxpayer.

The proposed annual budget is probably the ONE thing all year that the people in town would (or should) most like to have access to, but it is not on the Official Woodstock Town website. It’s Saturday, April 18th, and the Board of Finance meets on Tuesday, April 21st, to provide an opportunity for taxpayers to voice opinions about this budget.

Becki went to the Town Hall yesterday to get a copy, but none was available. Later, Donna Stefanik from the treasurer’s office was nice enough to deliver a copy of the budget to our home (Thank you very much, Donna).

If this budget is currently posted at the Town website, it is not in an obvious location.

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April 18th, 2009

Board of Selectmen Budget & Town Hall Budget

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Town Hall Budget (turn page) Read the rest of this entry »

April 18th, 2009

Assessor Budget

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April 18th, 2009

Tax Collector Budget

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April 18th, 2009

Finance/Treasurer Budget

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April 18th, 2009

Town Clerk Budget & Data Processing Budget

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Data Processing Budget (turn page) Read the rest of this entry »

April 18th, 2009

Town Planner Budget

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April 18th, 2009

Insurance & Employee Benefits Budget

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April 18th, 2009

Contingency Fund Budget

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April 18th, 2009

Highway Department Budget

highway-department.jpg Read the rest of this entry »

April 18th, 2009

Fire Protection Budget

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April 18th, 2009

Open Space, Boards and Commisions Budgets

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