Monday, October 6, 2008

Stop A Ridgely Financial Fiasco Before It's Too Late

It's like watching a wreck about to happen. Ridgely's finances would be precarious even without the growing international financial meltdown. However, with the news today that American and world markets have put into question whether or not the bailout passed Friday will work, there is talk of complete collapse. We the residents of Ridgely will be hit with a double whammy if we go through with plans to build a new waste water treatment plant for the Ridgely Park development. We are depending on the developer to pay us back for this project. Does anyone really believe that there is now going to be a Ridgley Park?

We don't have to keep the $1.5 million loan and we don't have to continue soliciting bids for the work. And whatever the town does, it should not sign a contract for the work. We will be saddled with huge water bills and higher taxes as the world enters a time of financial meltdown.

I've sounded the alarm about how wrong this project has been from the start. A town should NEVER pave the way for development with tax dollars. The justification for it all came after the fact, after the letter from Maryland Department of Environment arrived, stating that the Ridgely Park project could not proceed until the $1.5 million portion of a waste water treatment plant upgrade was finished.

You don't have to take my my word for it. Read the report below. Of all the towns in Maryland, we are among the 6 listed with problems. The problems that the Auditors have pointed out can't be hidden with a smoke and mirrors budget. And, what does fiscal 2008 hold? Wake up Ridgely and make our elected officials take back the town government!

http://www.ola.state.md.us/Reports/Performance/Article19-2008.pdf

1 comment:

ahege said...

It would seem, with all the financial uncertainty in this entire country right now, it would be prudent for the town of Ridgley to NOT go forward with this loan.

We have a lot more to lose if we do than if we don't. Counting on Ridgely Park to materialize now is foolish. So is going forward with the Waste Water Treatment upgrade.

Let it go....