Bad decisions are costing you $60 a day

Published 12:01 am Wednesday, October 26, 2011

Psst! Hey buddy, can you spare a dime? How about 80,000 dimes?

Sounds ludicrous, yet, that’s exactly what Adams County supervisors effectively just did by borrowing $1.2 million.

Only county supervisors didn’t ask taxpayers; they just headed to the bank.

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Fortunately, a local bank was willing to offer a low rate on the loan otherwise it would cost taxpayers even more.

The low interest rate combined with the anticipation that the loan will be paid off quickly means the borrowing should cost county taxpayers approximately $8,000 in interest — or $60 per day, give or take a few dimes.

Supervisors are borrowing the money to “make ends meet” until sometime early next year when property taxes will be paid.

At this point, arguments over the cash need are all over but the shouting. The county needs the money. But the real root of the problem is a lack of ability to see the big picture.

Many of the supervisors are simply focused on the here and now, made exponentially worse during election years.

In the last several months the county has paved roads, fixed up public buildings — in one case paying bills twice — and all sorts of other “projects” in poorly disguised efforts to woo voters.

More than $2 million was borrowed to pay for the roadwork. The first payment on that debt was a major factor in why the county is suddenly so cash-strapped and in need of $1.2 million more.

Yes, county roads needed to be paved and sure, the buildings needed work, but most of the projects could have waited until cash flow improved.

Hopefully, voters will see through these tactics and the “it’s only $8,000” excuses. It’s $8,000 that cannot be spent on real needs.