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.
1 Floridafitfest and 5K Treasure Run
9:00 am - 4:00 pm
8 World Oceans Day Family Festival
10:00 am - 1:00 pm
Hat's off to Dee Pelton, volunteers
Dee Pelton held a luncheon that will be tough to top.
Youth sailors descend on City Island
Approximately 250 people hit the water Saturday, April 20 through Sunday, April 21, for Sailfest. The regatta, Sarasota Youth Sailing's biggest fundraiser of the year, included four classes of competition — Optimus, 420, Laser and Multi-hull — and a barbecue feast.
Book club sunsets for the season
The Sunset Beach Book Club, in its 10th year, ended this season with a luncheon and discussion of the book “Gone Girl,” by Gillian Flynn, April 18, at Lazy Lobster. Discussion moderator was Ricki Carroll. Together, the group read five books this season.