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.
17 Night of Fish, Fun & Fright
6:30 pm - 9:00 pm
18 Jewels on the Bay Showhouse
10:00 am - 4:00 pm
Tiny trio tours safety facilities
Commissioner Lynn Larson’s three grandchildren, Zander, 9, Zora, 8, and Zoe Ramsey, 5, got a close-up look at what Longboat Key police and firefighters do to keep residents safe earlier this month, during a tour of the police and north fire stations.
Mar Vista dollars to benefit local teen
Mar Vista Dockside Restaurant & Pub’s walls and ceiling are covered with dollar bills, signed and decorated by patrons. Every few years the restaurant removes the bills for a good cause.
'We Are The Marines'
That is how Maj. Brian Dix introduced “The Commandant’s Own” U.S. Marine Drum & Bugle Corps July 4, at Avery Fisher Hall.