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The town has already collected $4 million of a possible $13 million in extra money hidden from the budget process.
News & Commentary
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Tiverton Politicians Are Wrong or Lying on Bond Rating
The majority of Tiverton residents pay little to no attention to the town’s rating on the bonds that it sells to borrow money. During the course of a busy week, there’s hardly time to get bogged down in such details. For that reason, some of our town officials (those endorsed by Tiverton 1st and the Tiverton Democratic Town Committee) are using “bond rating” as a magical phrase to pressure you into voting for higher taxes than the town really needs. Leading the way is new Town Council member David Perry. In a recurring Punch and Judy show, Perry takes the fact that the council’s meetings are televised to spread false information, and if he doesn’t know it’s false, he should. Perry says the town’s bond rating was “dropped” to AA (excellent) from AAA (the highest). It was not. Tiverton’s last bond rating was an A, so it’s up. Voters at last year’s financial town referendum (FTR) used some of the town’s excess funds to prevent yet another tax increase, and Perry says that prevented the town from reaching AAA. That’s not true. Even if Tiverton had tens of millions of dollars in its reserves, it could not have reached AAA. …
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Resources
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Resources
Documents
Links to documents relevant to town government that may or may not be available elsewhere.
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