May, 2009
Thanks to all who attended thurday's Kent Fiscal Watch Open Forum
Submitted by JohnB on Sun, 05/24/2009 - 7:24pmFirst off we would like to give a big thank you to Sandy Galef for being our guest at the first Kent Fiscal Watch open forum. For two hours Sandy took our questions and provided thoughtful answers on topics such as citizen activism, open government, tax reform, and consolidation of services. It is certainly refreshing how accessible to the people Sandy is; it is something we surely appreciate. Rather than write up a summary here, in the coming week we will be posting video highlights for you to watch.
I would also like to thank Paul Spiegel for advertising and moderating the event, as well as all the KFW members who pitched in to help with refreshments, advertising, set up, etc. Especially I would like to thank Joyce for organizing everything. Also I would like to thank all who attended for their participation.
Please check back later in the week to see the video highlights of the event. If you like what you see, please join our newsletter list on the upper right to be informed of our next event.
The only way to make a change is to get involved! We hope you will join us!
Taxpayer alert - Town financial results for 2008 - surplus of $647,000!
Submitted by cnarbey on Tue, 05/12/2009 - 12:05pmThe Town has now posted on its website its Annual Report to the NY State Comptroller for 2008 (see http://www.townofkentny.gov/PDF/Finance/annualfinancialreport2008.pdf).
An overall surplus of $647,054 (more revenue than expenditure) was achieved.
This adds to the Town's financial reserves, on top of a surplus of $1,201,464 in 2007. As reported earlier, the brief financial summary of the First Quarter of 2009 showed an estimated (by me) surplus of $344,000.
The Town had $5,216,007 in cash and bank deposits at the end of 2008.
Taxpayers should be interested in why the Town is building up these surpluses, as the majority of its revenue comes from property taxes.
In the details of the overall surplus for 2008, the General Fund (pays for everything except Highway Dept. and Capital Assets) had a surplus in 2008 of $1,269,662, compared to a 2007 surplus of $1,176,470 (in 2 years, that's $2.3 million of your taxes that were collected but not spent). Offsetting this, the Highway Dept. had a deficit in 2008 of $315,451, compared to a deficit in 2007 of $148,005 (that's $463,000 more expenditures than was collected from your property taxes over 2 years).
These financial results certainly mean that the Town's finances are in very good shape. The hang-over from the excessive cost overruns to build the Town Center has largely been cured.
So, why is the Town government piling up cash? My personal opinion (you don't have to accept this) is that the Town is preparing to pay damages in the Kent Manor lawsuit, should the justice system ever award damages to the developer/plaintiff (there is no certainty of that). Whatever the reason, it's taxpayers' money and I believe that they should be given an explanation.
Please Make Your Voices Heard on Property Tax Reform
Submitted by joyce.mitchell1 on Fri, 05/08/2009 - 8:55pmThis message is from Victor Tiship.
Please make your voices heard on vital property tax REFORM, not relief, in New York! The State Legislature is gauging public support for a number of proposals on this issue at this site: Please forward to your NY networks.
Put Valley's Open Meeting Controversy-from PlanPutnam Blog
Submitted by joyce.mitchell1 on Thu, 05/07/2009 - 10:07amPutnam Valley - Illegal Meetings
Advisory Opinion of the Office of Open Government Illegal Meetings
