RTM special vote on extending Senior Center Bonding.

RTM will vote in a special meeting on 10-30-12 whether or not to extend the expiring 5 year bond on the senior center. I thought we were done with this project? The initial ordinance on 11-6-2007 authorized $11.77 million. To date we have spent $8.925 million which is approximately $2.4 million under the approved amount. Now the town wants to extend and spend an additional $370,000. Since this number is < $750K, it will not go back to referendum. Moreover, I have heard no specifics as to what it will be spent on. Bottom line is that the more they bond and spend, the more your taxes/mill rates tend to increase. This money will be coupled with other up-coming bonds to get a lower cost bond, but there is still interest that they do not tell you about which will also add to the tax increase. You can go to the to the Town web site and call your RTM rep and tell them how you feel................Scott Aument, RTM-District 6.