Freeholders set to approve $96 million guarantees
On the agenda for the Monmouth County Board of Freeholders on Tuesday night are 24 resolutions to authorize a total of $96,395,000, plus interest, in guarantees for bonds scheduled to be issued by various Monmouth County municipalities and authorities.
The Freeholders meet tomorrow, Tuesday November 9 at 2 PM for their workshop meeting and again at 7 PM for their regular meeting. Both meetings are scheduled to take place in the Freeholders’ Meeting Room, Hall of Records, 1 East Main Street, 2nd floor, Freehold.
How much will go through the Republican Party Boss’s (Peter Carton) law firm this time? Most republican controlled local government bonding goes through his firm and often again at the county level.
And what law firm would you rather see it go through? Bond law is highly specialized and usually handled by a few large firms. Cartons is one of the best.
the mostly Republican-led Boards, even in these hard times, have managed well enough to keep the rare triple-A bond-rating, ( we are one of only some 18 out of 3,000 counties in the nation with it),which, because of it, is able to save participating towns millions in interest, to keep their “home rule,” and fund their debts cheaper, for their local projects.. somebody has to have the professional expertise to monitor the markets and decide when the time is right for the cheapest rates, so, whomever that is, the result is still a big win-win for the taxpayers!! .. wish more people would/could articulate the meaning of all this better and more often, so people would understand that there really are some government workers trying to do the right thing, especially in these bad times and with all the needs out there, while still following all the over-regulation that this state of NJ demands!..