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.
26 St. Armands Fine Art Festival
10:00 am - 5:00 pm
29 Nia with Gail on Anna Maria Island
11:00 am - 12:00 pm
30 Nia with Gail on Longboat Key
11:30 am - 12:30 pm
3 Food and Wine on Pine
11:00 am - 6:00 pm
Capt. Benjamin Grodi honored with military medal
U.S. Marine Corps Capt. Benjamin Grodi, son-in-law of Longboat Key residents Nelson and Laurin Goldner, was recently honored with the Meritorious Service Medal.
Campaign Against Summer Hunger
Here are the week’s donation totals for All Faiths Food Bank’s Campaign Against Summer Hunger.
A Cinderella story
A 10-week-old miniature pinscher puppy found a “happily ever after ending” at the Celebration of Pets April 12, at the Sarasota County Fairgrounds.