[RP TownTalk] State of Maryland Property Tax Assessment

[James D. Holmes]

Mr. Thompson and Mr. Ebbeler

Thank you for reporting that the Town of Riverdale Park is financially 
sound and only has 3 million dollars in outstanding debts.

The interest rate of the 3 million in debt is 4.64% - 5.42% .  That only 
amounts to about $150,000 in interest payments per year.

Times are changing and the Town needs to be fiscally responsible. The 
days of borrowing money to pay for unnecessary projects should cease.  
Just look at the Federal Government, 16 Trillion in debt and the 
politicians want to spend more money.

I challenge the Mayor and Council to be fiscally responsible. Commit to 
the following principles

1. Say NO to unnecessary spending.

2. Say NO to any property tax increase.

3. Say NO to any new taxes or fees.

4. Pay down the current debt.

5. Govern within your means. Smaller Government is Better.


J. Holmes






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