Earle Reed is on a spending spree in New Hartford, this time wanting to hire a comptroller at $50K per year.
"I am not a financial expert," Reed said. "I've heard a big outpouring in the community that we need this. I think a (chief financial officer) is a natural evolution for the town."
"Outpouring?" From whom? Until Mr. Reed and the Town Board decided to put the Town into debt, New Hartford 's finances were hardly on anyone's mind.
"Evolution?" From what? In spite of the urban sprawl along Commercial Drive, statistics show that the population of the Town of New Hartford is decreasing. 1990 census: 21,640; 2000 census: 21,172, a decrease of 468 or 2.2%. With fewer people to serve, government should be contracting (in the "getting smaller" sense) -- not expanding.
"I feel this position will pay for itself through investments of the town's money," Reed said. "With a $13 million-plus budget, we really need a (chief financial officer)."
"The town's money?" How about the taxpayers' money?
If the town has so much money to invest that it needs a CFO, then why all the borrowing three weeks ago? If the town has so much money to invest that it needs a CFO, then perhaps it has taken too much from the taxpayers.
It's starting to sound like all the borrowing from a few weeks ago is being used to justify the need for this position. So this issue can be resolved easily:
No borrowing = no investing = no need for a comptroller -- AND the taxpayers save $50K/year plus $2+ million in financing charges.