Currently 2 Responses
- Mr. Kelly is correct that Sanibel could have dipped into the "Retirement Adjustment Reserve Fund" and various other legally earmarked and separate "reserve" funds after Charlie. Sanibel chose to barrow money instead.
LBK has beach reserves and sewer reserves and utility reserves that can also be used after a hurricane by order of the commission. I suspect we too would barrow money until we are compensated by insurance and FEMA.
The bigger question is how to we prevent the town government from mixing apples and oranges and have any way to know what we are actually talking about.
- The reserve issue aside, a valid reason for a nominal increase in the millage rate would be to apply the increased revenue generated to reducing the amount of the underfunding of the pension plans. While the amount needed for disaster reserve is subject to debate, the $25 million underfunding of the pension plans is a reality. The funds' investment choices and actural assumptions need to be reviewed as well.
2 Power Networking Seminar
4:00 pm - 6:30 pm
2 Florida's Children First 2014 Sarasota Reception
5:30 pm - 7:30 pm
16 Pillar of Hope Open House
5:00 pm - 9:00 pm
16 Business After Hours Networking Event
5:30 pm - 7:30 pm
Golfer sees swinging success
Longboat Key resident Arlene McKitrick celebrated her 200th golf championship win this week at Sara Bay Country Club in an FSGA event.
Mote receives NOAA grant
Mote Marine Laboratory recently received a $99,615 grand for its dolphin and whale rehabilitation efforts from the National Oceanic and Atmospheric Administration (NOAA).
Correction: Heitlers to net 75 years in April
In its Sept. 18 issue, the Longboat Observer featured Plymouth Harbor resident George Heitler, a lifelong tennis player who has played tennis for most of his 99 years and is a regular at the Longboat Key Public Tennis Center.