Tuesday, May 03, 2005

Town Financial Crisis?

Many people have wondered why the Town continues to study new proposals and then discard them as not feasible. If one were to look at what has been studied and never come up to a vote, it would be interesting to look a bit deeper.

FOSH partnership with the Town discarded with the Town being the trusted holder of the money.

Study on a performance art center spending about $100,000 of that money, only to find it not a feasible proposal.

This kind of thing happens over and over in Estes Park. Similarly, they won’t address the parking problem or any project that they would have to borrow money for.

It is quite interesting that most Towns borrow money from time to time in order to build infrastructure and meet the long term needs of their citizens. Estes Park however doesn’t borrow money to fill these needs whether those needs are for a performance center, parking garage or improvement to the waste treatment facility. These are all arguably needs that we have and yet they are not being met, nor are they being planned for.

One could argue that the real reason is that there has been no credible audit of town books and that there are no stock brokerage firms that would handle the paper under these circumstances. In essence: no good books-no money.