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| Most of the Cliffwood Beach seawall has gravel along the walkway. |
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| Recently, the gravel is disappearing in whole sections. Is someone taking it or tossing it into the bay? |
Sunday, March 25, 2012
Cliffwood Beach Seawall - Where's the Gravel Going?
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I would go with tossing it into the bay by kids.
ReplyDeleteJust another project in the beach introduced with much fanfare before an election and then left to decay. Get ready for your 10.5% municipal tax increase and no rocks!
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A ratings agency has downgraded Aberdeen’s municipal bonds because township officials have little cash reserve left.
Moody’s Investors Service dropped Aberdeen’s bond rating down a notch to A1 from Aa3 on Tuesday. That leaves the bonds still as investment grade, but on the lower end of the prime ratings scale.
If the township seeks to refinance or borrow more money through bonds, it would be expected to pay slightly higher interest rates as a result.
In a note to investors, Moody’s said Aberdeen’s free balance dropped to $61,392, or four tenths of one percent of revenues, at the end of 2011.
Township Manager Holly Reycraft defended the financial decisions in an email on Wednesday.
“Due to the current economic climate, management and council had planned draw downs from surplus in order to maintain stable tax rates for the township residents,” Reycraft said.
Moody’s also said the township has been relying on one-shot revenues. Aberdeen used $180,000 from the sale of township-owned land in the past two years to help balance the budget, Moody’s said.
In 2010, the township used $77,000 from capital funds, the note said.
The township budget that has been introduced for 2012 increases the property tax rate by 10.5 percent to 48.61 cents per $100 of assessed property value from 44.01 cents per $100 of assessed property value in 2011.
The increase amounts of nearly $130 a year on a house assessed at the township average of $282,389.
so we have a great beach walkway that leads to the dead end street on one side and to never land on the other - honestly i am wondering why the township only does enough to pacify the residents of CB and stops there. Each township surrounding us goes the full mile and proudly represents CB. what are our township does it allows Cliffwood beach to be left to the bottom... Shameful being our taxes did go up and yet once again we have no local businesses that are able to flourish off our "waterfront" ..
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