interest rates drop

Can it be true, that the 10-yr interest rate dropped to 2.25%, the lowest in history? Why are we paying 5.4% for this new gym? If they had waited, like Mr Dotson suggested, we could have gotten it for HALF of what we are going to pay!! How big of savings would THAT have amounted to over the life of the loan? TENS of thousands of dollars!!! The Mayor and Council are not in the least concerned however, as its the RESIDENTS who will be paying all this extra interest for the duration of the loan!! Its not like it might, actually, be coming out of THEIR pocket, now is it? Its ONLY money, right? OUR MONEY!! And if the well starts to run dry, not a problem! They will just raise our taxes and fees!! AGAIN!!!! But not to worry, they are cutting back on expenses with a vengance! Just this week, they saved $20 a month on those dreaded and costly overtime bills for the secretaries!

petty politics redux

Mr Garcia stated that keeping the overtime for the secretaries to a minimum was "essential", so he voted to combine the Ecology and Parks and Recreation boards. It will save one hour of overtime for a secretary- $20 tops. Where was his concern when the Council was paying over $210,000 EACH for the bathrooms? $600 a square foot for the Country Club enclosure? 33k to connect the sewer pipes, a 5k job ? How about when we paid $38,500 for the elevations, a 6k job? Please. To say he is concerned about saving $20 for a Board to meet and that it is "essential" to the financial wellbeing of our City AFTER okaying hundreds of thousands of dollars in blatant giveaways and overpayments is ludicrous! Dont insult our intelligence!!!! Its a political payback and an attempt to dilute the influence and divert the focuses of the Ecology Board. This is petty politics at its worst. Save us $20 while giving away hundreds of thousands of our tax dollars? Please. You had your chance to save some REAL money and blew it! Spare me.