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HERE ARE SOME OF THE 28 REASONS YOUR BOGOTA TAXES HAVE GONE UP 30% SINCE THE DEMOCRATS HAVE CONTROLLED BOGOTA
Reason # 20
The Cell Tower Sale
Many residents have inquired about the cell tower located on the Department of Public Works Property. This tower brings in approximately $60,000 in annual revenue to Bogota and has a potential of $180,000 annual revenue for our community.
The Democrats are proposing to sell the tower for $300,000 or less than two years potential revenue for our community.
IT’S INSANE
We will never support the loss of such a valuable source of income to Bogota and neither should you. Imagine the insanity of giving away such a valuable source of revenue. This revenue which does not require any expense on the part of the borough.
How Do We Stop This Insanity?
November 2, 2010 Vote Republican
Elect
Anne Marie Mitchell Jared Geist and Gulliermo”Willy” Martinez
Visit our website www.bogotaunited .com
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Reason # 22
In 1987 Leonard Nicolosi then Democrat Mayor and now current $113,000 a year Borough Administrator and Joe Noto then a Democrat councilman took Bogota from $750,000 in debt to $4,000,000 in debt by 1995.
When Republicans took over in 1996 a time of fiscal responsibility was begun and over the 11 year of Republican council control vast municipal improvements were made and the debt was reduced to $1, 750,000
In the three years since the Democrats and $113,000 Borough Administrator Leonard Nicolosi have been running Bogota the total Bogota debt has risen to $6,124,825.
Is this anyway to run Bogota?
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Reason #23
Borrowing by Bogota Has Grown Out of Control and the
State of New Jersey Has recognized this Insanity and so have your Republican Candidates.
Republican Councilwoman Anne Marie Mitchell VOTED AGAINST INCREASED BORROWING!
At the Bogota Council Meeting on October 7th, the Democrats voted to introduce a $274,000 borrowing measure that would increase Bogota’s debt to over $6,300,000; a 300% increase over the debt three years ago when Republicans controlled the Bogota Council. The vote was four Democrats for, and the lone Republican,
Anne Marie Mitchell voting against IT.
Democrat Joe Noto voted by phone to increase spending; (Yes, Noto wasn’t even at the meeting) and
our $113,000 a year Borough Administrator/Chief Financial Officer claimed that we could borrow as much as $27,000,000!
Your Republican Council Candidates
Anne Marie Mitchell, Jared Geist and Guillermo”Willy” Martinez
will stop this insanity and protect your pocketbook.
Here are portions of two stories appearing on the front page of The Record on Tuesday October 13th and Wednesday October 14th.
Growing debt for towns gets little scrutiny
State watchdog gives pass to ‘buy now, pay later’ deals
By ELISE YOUNG
STATE HOUSE BUREAU
A New Jersey commission charged with overseeing municipal finances approved more than $7 billion in “buy now, pay later” financing for local governments in recent years, setting up taxpayers to cover increasing costs for borrowed money. Such deals — to buy fire trucks, fix roads, build classrooms or refinance old debt — played out hundreds of times from 2005 to 2009 before the Local Finance Board, New Jersey’s watchdog of municipal and county spending. A review by The Record of thousands of pages of meeting transcripts, applications and other documents shows that the board routinely approved the requests with little or no questions posed to the auditors, finance officers, bond counsels……
A sudden reversal on ‘buy now, pay later’
State board rejects towns’ debt plans
By ELISE YOUNG
STATE HOUSE BUREAU
Local officials accustomed to speedy approval for “buy now, pay later” borrowing were stunned Wednesday when a state board signaled an end to bond deals that mean higher costs for taxpayers.
The problem: Too many of the proposals called for “back-loaded” payments, meaning that taxpayers shoulder a small share of the burden in early years, then see the bill spike — in some cases, 400 percent or more — in the years ahead. …
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REASON #26
In 2008 the former Democrat Mayor of Leonard Nicolosi was hired as borough admistrator/chief financial officer who today after a 3% this year is paid a combined salary of $113,000. Prior to that Republicans paid $72,000 for these positions. That is a 57% increase in salary costs for those positions.
Nicolosi is also is employed as Chief Financial Officer in Little Ferry a post he said he would relinquish when he was hired on November 8th, 2008 and then denied, at a council meeting, never to have made the statement
Here is his public record of employment as of December 31, 2009.
Name
LEONARD J NICOLOSI
Location
BOGOTA BOROUGH
Pension fund
Public Employees Retirement System
Pension enrollment
year
2008
Base salary, 2009*
$110,000
Number of jobs*
2
Total salary, 2009*
$123,509
