Mayor Scott Coleman has decided to take advantage of the low interest rates by borrowing more money to pay for additional infrastructure projects, leaving a healthy balance in the City's general fund.
With loans, the City spreads out payment for those projects over many years rather than draining cash reserves to pay for them outright.
One issue of debate: whether the City should issue bonds to pay off the loans.
The bond process is costly but is typically a more prudent long-term fiscal approach.
The discussion centered on whether, when and how far interest rates will go up as the economy continues to improve.Councilman Bob Mastrangelo wasn't so sure delaying was a gamble worth taking.
The mayor and City Finance Director Joe Filippo disagreed.
Time will tell who was the better prognosticator.Councilwoman Ann D'Amico noted with pleasure at last week's Council meeting that President Cathy Murphy was back in her chair following surgery.
Goodbye and Good Luck
It was bittersweet at Fisher's Tavern in Mayfield Village in March, on the night the famed local bar and restaurant closed.
A touching moment:
The employees gathered together to salute and serenade the owner (seated in chair before the blackboard), a wonderful show of appreciation and support.
It certainly has been an unusual winter and spring.
This picture was taken in February
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| Moon over Highland Heights |
This one in April
Here's hoping spring is finally here to stay!
