Krumeich will do what’s right

FI-Letter-to-the-EditorTo the Editor

I am writing to support Beth Krumeich for first selectman.

Beth is an attorney who will look out for our town’s financial interests and advocate for change in the way we do business. I was surprised to learn that $18.9 million of taxpayers’ money was spent this year meeting unfunded deficits in our town’s pension fund because our fund has been performing so badly in comparison with comparable municipal pension funds.

Next year there is projected to be a $23-million deficit. This all happened during Peter Tesei’s watch.

I also cannot understand why Peter Tesei refused to listen to the advice given recently by the head of municipal finance at Goldman Sachs who told the BET that the current practice of using short-term bonds for long-term projects is “risky” and that Greenwich should switch to 20-year bonds for major projects, rather than five-year bonds, to lock in low interest rates and free up taxpayer dollars for other uses like all the other AAA-rated communities in lower Fairfield County.

Unlike Peter Tesei, Beth Krumeich will listen and do what’s right for our town. Please join me in voting for Beth Krumeich on Nov. 5.

 

Lynne Rohrer
Greenwich

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