Urgent messages on borough finances, missing records, $100K a year for Market House
In a recent series of Facebook posts, Columbia Borough Councilman Howard Stevens laid out "urgent action" items that were sent to him from the borough's finance manager. Among the items: an immediate need to create a "Debt Service Fund" to handle our $12.9 million bond debt. Finance Manager Kyle Watts said that currently we have no formal plan in place, according to Stevens. Facts and figures Stevens also relayed that the urgent message noted that the general fund balance Reserve Resurrection Planning needs to be addressed. He said that since his leadership role is finance for the borough that he takes this message very seriously. Stevens proposes taking $800,000 from the budget and putting it into the Debt Service fund, noting that this amount is not the whole $1.8 million in cuts he proposed recently. Those numbers are shown here: 30-434-001 462 lighting $500,000.00 30-438-014 Rotary Park $124,000.00 30-438-016 Parkin...