To the editor:
We are thrilled that the Moorestown council has reversed course, and is now supporting on funding the field improvements at . In our letter, we advocated paying for this project through the fiscally responsible process of bonding, and not by taking the entire amount from the Open Space Trust Fund. Last night, the by approving, on first reading, the bond ordinance.
The community has come together admirably and found significant sources of alternative funding, including sponsorships, which will significantly reduce the burden on the taxpayers. We applaud this action.
The funding for the debt service of the bond still remains to be determined, and the Newcomer, Sattinger and Hines team does not support the use of the Open Space Trust for this debt service. The fund is needed for open space acquisition, and has already been stressed by costs of routine maintenance and will also be needed for dam repairs. Moorestown council, we ask that you fund this debt service through general funds, and leave our Open Space Trust Fund intact.
Greg Newcomer, Brian Sattinger and Mark Hines
Democratic candidates for Moorestown council
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