| Investing In New London | |||||||||||||||||||||||||||||||||||||||||||||||
| City manager's call for authorizing $18 million in bonds for capital improvements deserves support. | |||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
City buildings are in disrepair, their grounds oftentimes unkempt; parks and playing fields woefully inadequate, sidewalks crumbling and police cruisers and public works vehicles true clunkers. City Manager Martin H. Berliner has a plan to start fixing all that. He has proposed that the city issue $18 million in bonds, in addition to the $3 million already approved for rebuilding Nathan Hale and Winthrop elementary schools, and use the cash infusion to start fixing up city property. The council and public should embrace this bold idea. New London needs to take pride in itself if the city is ever going to move forward. And attractive and well-maintained buildings, parks, schools, vehicles and roads are a way of infusing and growing pride, which leads to enthusiasm and accomplishments. The $18 million cannot solve all the problems. A conservative estimate by city officials places New London's capital improvement needs at $40 million. But the process must start. Mr. Berliner suggests, but is not committed to, spending $7.5 million for additions and renovations to city buildings, $2.5 million to improve athletic facilities at the high school, $2.5 million for resuscitating city parks, $2 million for sidewalks, $2 million for vehicle repair and replacement and $1.5 million for storm drainage work. He came up with those numbers after consulting with staff but said the capital improvements are so important for all of New London that the City Council should discuss allocation of any such funds in great detail. New Londoners traditionally do not like to spend money. And with so little taxable property that is understandable. The burden of maintaining the city's services, schools and buildings has fallen mostly to average homeowners. But decades of neglect have taken a toll. The city's new, interim public works director said he could not find a single city building that did not have roof leaks. And he was flabbergasted that some city vehicles had logged hundreds of thousands of miles, resulting in costly repairs to keep these gas-guzzling, inefficient, unreliable vehicles on the road. City parks and playing fields are sorely in need of tender loving care. New London's youth and families deserve to have safe and clean parks with workable equipment and usable ball fields. The city should not delay. Mr. Berliner calculates that a $21 million bond package ($18 million for capital work and $3 million for the two elementary schools) could over time be absorbed within the city's general fund budget with minimal tax impact. This is because the debt service from previous bond sales is going down and new sources of revenue are coming on line. The city manager also intends to seek state and federal grants to stretch the city's $18 million investment. And he suggests that the city at least consider committing now to using the additional annual tax revenue that it will take in — estimated at $1.5 million to $1.75 million — when the Pfizer Inc. 10-year abatement of real and personal property taxes ends in 2012-2013, to continuing the capital improvements. “The recommendation to issue bonds is based on the need to begin to rebuild the city's infrastructure and replace old and tired equipment that costs more in the long run to keep running than buying new,” Mr. Berliner said in making the recommendation. New London says it wants to turn a corner, and this is a real chance. The lending climate is favorable and the city, with a renewed vigor for self-improvement, can embrace Mr. Berliner's suggestion and start making real changes. The negative attitude has to stop. New London should listen to its city manager and support his plan to improve the city.
|

bravenet.com