>Pension Laws enacted in 1997, 1999, 2001 giving municipalities relief from pension contributions .These Laws allowed taxpayers of the Village to save by some estimates $4,100,000.00 from 1997-2003 in contributions to the Police and Firemen’s Retirement System .These saving were supposed to be reflected in the Municipal Tax Bill but the public was denied access to this information. In 2003 Municipalities were asked to start making up pension payments starting in 2004. The public is now being told that these pension contributions are responsible for the massive increases in property taxes.
The Ridgewood blog asks what happened to the money, and what was it used for?
>now your talking PJ
>they are gonna shoot when they see this
>they are jsut going to say shut up and pay …
>the moneys are all on the up and up.
>I’m sure it just ended up as “play money” for the elected officials.
>sounds like typical goverment accounting heheheheheheheh
>Why wasn’t even a portion of those funds put aside or invested in paration for when the town would again have to pay their portion of the pension contributions.
>it must have been washed away on the first floor in the Village Hall
>I looked back at my tax bills from 1999 to 2006 and I don’t see a reduction in my taxes for Municipal Services! Maybe it is time to call for a village budget audit to find out exactly what happened to these funds!
>yes I am still waiting for my check ,I better swim over to village hall and find out
>take a walk.