Vermont Standard
By Curt Peterson
Standard Correspondent
Killington—After having two weeks to contemplate prefunding the replacement of the killington
town pool, a $75,000 per year, 10 year proposal, selectman Ken Lee
announced at Tuesday’s select board meeting that he objects to putting
the plan up for vote at the 2016 Town Meeting. He preferred the town
wait till the project needs attention, then wants to finance it with a
bond as they have previous infrastructure expenditures.
“I’m 72,” Lee said. “Why should I pay for 10 years for something I may never see?”
Town Manager Seth Webb
reiterated that the estimated total cost of the project, including
necessary rebuilding of the recreation center and pool house, would be
$1,400,000, and the $750,000 pre-fund will actually pay for only half of
the cost.
Selectman Chris Bianchi, who
has school-age children, defended the proposal, saying it makes
financial sense for the taxpayers.
“We know we’re going to have
to replace the pool in 10 years, and it’s better to put the money away
ahead of time instead of waiting and having to pay interest on borrowed
funds later.”
Three residents attended the meeting. All had opinions. Charlie Holland agreed with Lee.
“I like the idea of waiting
and financing the project with a bond,” he said. “That way the people
who live here when the pool has to be replaced can decide if they want
to replace it at the time by voting for the bond issue or against it.”
“I just got a letter from
Social Security,” Holland added. “They say I’m not getting an increase
this year because the cost of living hasn’t gone up. But if we increase
our taxes to finance replacing the pool ten years down the road, that’s
an increase in the cost of living.”
Webb and Bianchi pointed out the prefunding idea would raise homeowners’ tax rate by one cent.
“On a $300,000 home,” Bianchi said, “this would mean only a $30 increase in taxes per year.”
Resident James Rich also
objected to the pre-funding plan. “We might put $750,000 away over ten
years”, he said, “and then the voters might vote not to replace the pool
anyway. I’m 76—I might have helped pay for something I’ll never see.”
Bianchi implied he saw the argument as a generational issue.
“I represent all the people in
town – not just the senior citizens who don’t want to pay ahead for
anything and leave all the cost on my kids.
That’s how I look at it.”
Select board chair Patty
McGrath stepped in to say she thought the discussion was valuable and
that she saw both points of view. She thinks prefunding is a good idea,
agreeing with Bianchi that for years the town has been catching up on
overdue maintenance and infrastructure issues, and planning ahead
financially makes good sense. She suggested a smaller amount of money,
perhaps $25,000 per year, that would have less impact on taxes might be
more appropriate.
“It’s good to hear everyone’s
opinions on this,” she said. “Ken’s on one end of the spectrum and Chris
is on the other. I’m in the middle.”
It was agreed that the board would give the issue more thought and revisit the discussion at the next meeting.
Seth Webb reported that three
residents had applied to serve on the committee searching for his
replacement as town manager. Since the board was seeking three committee
members, they agreed to appoint Walter Findeisen, Chris Karr and Gerri
Russell, the three applicants, to the committee.
Later, Webb said the Vermont
League of Cities and Towns, which is providing backroom services in the
Town Manager search, has received 35 applications for the job to date,
and there are still 15 days before the deadline for applicants to file.
“Typically a lot of applications arrive at the last minute,” he said, “so we are looking forward to having a lot of choices.”
Like other towns, killington is spending considerable time on its 20162017 budget.
Green Mountain National Golf
Club, a town-owned enterprise, performed well during the past season,
according to David Soucy, golf pro and general manager.
“All the courses in the area
are suffering this year, but we paid all our expenses and were able to
pay back $39,000 to the town at the end of the season,” he said. “We’ve
reduced expenses by $30,000, partly due to lower fuel prices, but mainly
because of careful purchasing.”
McGrath, Soucy and Webb all
said the course has a good reputation among golfers, which has enabled
them to maintain steady membership numbers and to weather a wet spring.
Webb’s review of the general
budget demonstrated an anticipated tax rate increase of less than 2
cents over last year, the goal set by the select board. He attributes
much of the achievement to increased revenue and a proposed carryover of
$175,000 from a large budget surplus this year.
Police Chief Whit Montgomery
presented a budget for his department that is increased over last year’s
only because of the addition of a second full-time officer.
Comment: Maybe the Selectboard should consider how to pay for stuff we have already incurred debt on , like the golf course. We have an approximately million dollar balloon payment due in a few years. If Bianchi and McGrath are worried about paying interest they should be looking at funding that balloon payment. But of course that was never the plan - the plan was always to roll the balloon over and pay more interest on an already rolled over debt. So given that scenario, any concern about paying interest seems disingenuous at best.
Also there are other significant financial challenges out there - funding a new firehouse, redoing the golf course irrigation system, oh and finishing the repaving of Killington road. Somehow the budget for phase two of the Killington Road repaving project disappeared such that it can only be repaved from West Hill to Schooolhouse Road instead of to Dean Hill Road. The road bond we voted for a couple of years ago was supposed to ease us through the project yet somehow we're lacking the funds to do the projects as planned. What happened????
Vito