Current Issue Home November 30, 2011
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Current Issue Home November 30, 2011

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We hope you'll enjoy having your hometown newspaper available to you online, 24-hours a day. If you are a subscriber, click through the sections to the left for the latest local news and information, and make sure you check out our new business directory.

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HEADLINES:

MV Discusses Money, PSSA Tests

A special meeting of the Mountain View school board was to be held on December 12 at 7 p.m. for general purposes. The advertisement thereof was approved early into the November 21 meeting.

The investment banker for the bond issue, Henry Sallusti of RBC Capital Markets, was present at the meeting. At his last visit he had spoken with the board about refunding the school's bond issue. Because of what had been happening in Europe, the stock market took a big dive, but their market had a big rally, he said. A summary sheet as to where they were in the process had been given to board members. The sale date was the day of the meeting. This evening it would be locked in, and they would close it on December 21, with the paying agent as Banker's Trust. He reviewed the salient points of the bond issue. Mr. Mirabelli added that he had been working with Mr. Sallusti and the financial adviser throughout the process. The financial adviser had given it his stamp of approval. Mr. Mirabelli recommended that the board move ahead, which they proceeded to do via a unanimous vote.

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Harford Boosts Taxes, Fees

At a relatively brief session on the evening of November 22, billed as a special meeting to propose a budget for 2012, the Harford Township Supervisors adopted a preliminary spending plan that calls for an increase of 1 mill in property taxes, and an increment of $36 per year per household in sewer fees.

The Harford budget is actually in 3 parts. The “State” budget is targeted exclusively at the roads, since the funds come exclusively from state-allocated “liquid-fuel” subsidies. Revenue from the state is expected to rise by somewhat less than $7,000 in 2012 (about 4%). Expenditures in that part of the budget are estimated at $196,500, or about $16,000 more than last year (almost 9%). A chunk of that is designated for monthly payments on a new truck. The down payment on the truck is expected to come from a natural gas lease signed this past summer.

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Last modified: 12/05/2011