3.4.10: financial update, CROs, Dr. Blue, & loan program

Video excerpts from the city council work session Thursday, March 4, 2010.
The work session began with a grave report on the city’s financial status, given by Dwight Hadley, CPA, and assisted by Christine Mitchell, CPA, the city’s new comptroller:

Hadley notes that the city is in substantial debt, approximately $10M for 2009 and at least $6M [...]

It’s not clear where all the money is going

On Monday, November 16, the Newburgh City Council held a special meeting that included a public hearing regarding two bond resolutions.  As reported elsewhere, those bond resolutions were passed after a heated discussion between the council, bond advisers, and the public.  Also under discussion was whether to enact a financial advisory board; in the end [...]

BAN, RAN, thank you, Ma’am

The description of Presentation b. on the work session agenda Thursday night was deceptively short:
(Res. 172-2009) Route 9W Reconstruction:

BAN and RAN – Ken Bond, Esq., Squire Sanders and Dempsey

There was no hint that this agenda item actually included three resolutions, two involving bonds and the third involving the creation of an advisory board, and that [...]