Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • 3 Top-Ranked Small-Cap Blend Mutual Funds Worth Buying
    • Gold rates skyrocket to ₹1.32 Lakh/10g post Diwali; Here’s why ETFs are gaining popularity among investors right now
    • Aterian Raises New Funds to Support Mining Projects in Africa
    • Retirement funds vs property: Which is the better investment for your retirement?
    • BlackRock’s Tokenized ETFs Are Only The Beginning, CEO Says
    • Bonds rebound as government announces debt buyback
    • 3 Dividend-Paying ETFs to Double Down On Even if the S&P 500 Sells Off in October
    • Japanese bonds sink: ‘Widow-maker’ trade soars
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Gloversville approves $9M bonds | Leader Herald News
    Bonds

    Gloversville approves $9M bonds | Leader Herald News

    July 25, 2024


    City lawmakers on Tuesday approved more than $5 million in bonds to fund public safety, water infrastructure and recreation projects, as well as an additional $3.6 million for a new public works facility.

    More than $2.4 million will be reimbursed through the state Downtown Revitalization Initiative and another $2.5 million will be paid off by the Gloversville-Johnstown Joint Wastewater Treatment Facilities, according to city officials.

    “I’m very conservative and, let me tell you, I was gritting my teeth,” said Councilwoman Ellen Anadio, R-4th Ward. “It’s very hard to say ‘yes’ to that kind of money, but around half of it we’re going to get back and you can’t just let your assets fall apart.”


    Full Johnstown council not present for 61% of meetings since 2022

    The bonding list on July 1 first passed the city finance committee, which is composed of councilors Anadio, Marcia Weiss, D-1st Ward, and Jessica McNamara, R-2nd Ward. Members had been discussing the measure since May 16.

    Each item was born out of something of a departmental wish list, according to Mayor Vincent DeSantis.

    “Certainly, it’s an accumulation of a lot of different things and it took us a long time to get all the numbers together,” said the Democratic mayor.

    Outside of seven-digit items, the package includes $172,000 for police vehicles, $175,000 for law enforcement equipment and $164,000 in police facility upgrades. Another $60,000 will go toward fire equipment upgrades.


    Johnstown Fire Chief Bruce Heberer, an ‘icon’, retiring

    Most of the smaller items must be paid back at some point within a 10-year span. Payments for police station improvements and construction costs for the upcoming DPW garage near the former Wood & Hyde Leather Co. plant on 18 W. 9th Ave. are due in 25 years.

    Gloversville has owned that facility since 2021, a year after the old company shuttered. Plans to get a new DPW facility have been on the docket since last decade.

    Now closer to the finish line, DeSantis aims to open up the space for city operations by the end of 2024. He doesn’t want crews to spend another winter in the city’s tight, structurally-challenged facility on Lincoln Street.

    “It costs a lot of money to heat it because it’s not insulated like a modern facility would be,” DeSantis said.

    Anadio is hoping that cross-departmental infrastructure investments via bonding will bolster employee morale. In the future, she added, the city needs to ensure that its equipment doesn’t deteriorate in order to avoid high-dollar bonding.


    Mayfield Adirondack Harley damaged in fire; Ruled accidental

    “That should’ve been addressed by doing a little at a time a long time ago,” Anadio said. “That would have been much, much better, but now we have to catch up because it’s in ill-repair.”

    Meanwhile, the adjacent city of Johnstown has been barred from financing projects since 2021. The predicament stems from a report by the state comptroller’s office slamming then-Treasurer Michael Gifford for failing to properly maintain annual update documents (AUDs).

    Since then, the new administration under Mayor Amy Praught and Treasurer Thomas Herr has been attempting to file enough AUDs with the state in order to begin bonding again. City officials plan to borrow money in order to fund public works roofing upgrades, water infrastructure improvements, paving projects and equipment replacements.


    Full Johnstown council not present for 61% of meetings since 2022


    Johnstown Fire Chief Bruce Heberer, an ‘icon’, retiring


    Mayfield Adirondack Harley damaged in fire; Ruled accidental

    –





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Bonds rebound as government announces debt buyback

    October 20, 2025

    Japanese bonds sink: ‘Widow-maker’ trade soars

    October 20, 2025

    Principal weighs rupiah swings for any return to Indonesia bonds

    October 20, 2025
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    Gold rates skyrocket to ₹1.32 Lakh/10g post Diwali; Here’s why ETFs are gaining popularity among investors right now

    October 21, 2025
    Don't Miss
    Mutual Funds

    3 Top-Ranked Small-Cap Blend Mutual Funds Worth Buying

    October 21, 2025

    Risk-loving investors, who give precedence to capital appreciation along with dividend payouts, may consider small-cap…

    Gold rates skyrocket to ₹1.32 Lakh/10g post Diwali; Here’s why ETFs are gaining popularity among investors right now

    October 21, 2025

    Aterian Raises New Funds to Support Mining Projects in Africa

    October 20, 2025

    Retirement funds vs property: Which is the better investment for your retirement?

    October 20, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Charter Hall augmente sa participation dans Hotel Property Investments à plus de 65%. -Le 23 janvier 2025 à 02:47

    January 22, 2025

    Oxford Properties buys CPP Investments’ stake in office portfolio in Western Canada

    June 3, 2025

    ICRA Analytics – ThePrint – PTIFeed

    May 23, 2025
    Our Picks

    3 Top-Ranked Small-Cap Blend Mutual Funds Worth Buying

    October 21, 2025

    Gold rates skyrocket to ₹1.32 Lakh/10g post Diwali; Here’s why ETFs are gaining popularity among investors right now

    October 21, 2025

    Aterian Raises New Funds to Support Mining Projects in Africa

    October 20, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.