Fiscal Responsibility In Action
Fiscal Responsibility is
paramount for anyone entrusted with public funds. Eastampton Township
Council,
under Democratic leadership, is not only one of the
best run
municipalities in
this policy of
fiscal discipline. Republicans may lay claim
to fiscal responsibility, but in Republican and non-partisan controlled
towns in
our region, large per
capita
spending and large debt are driving their towns
toward layoffs and fiscal instability.
Municipal Budget:
In 2008, under Democrat
leadership, your township council reduced the open space tax by about
$54
dollars and your overall tax bill was reduced about $145
for the
average
homeowner.
While other towns were cutting
services and laying off police officers, Eastampton’s sound fiscal foundation,
laid by its Democrat leadership, enabled Eastampton
to reduce
municipal
appropriations by about $330,000 while maintaining the security, safety
and
quality of life our residents have come to expect. The reduction
in
appropriations
was in part achieved through shared services and the use of technology.
With less and less assistance
from Washington and Trenton, every decision Nagler, Campbell and
Springer make
will be rooted in sound fiscal principles to ensure
that the tax
dollars coming
out of your and their pockets are spent prudently.
Per Capita Spending:

According to some of the most
recently available data from the Department of Community Affairs on
this topic,
Eastampton ranked 46th lowest out of 566
municipalities
in
Eastampton has
the 4th lowest per capital spending
in
Debt:

If
you have a mortgage, a car payment or make monthly credit card payments, you
have debt. How you manage that debt is
essential to whether or not your
house is under
foreclosure, your car is
repossessed or you default on your credit cards and ruin your credit
rating,
often times leading to bankruptcy. Recently,
other local
municipalities have had to resort to double
digit tax increases, the laying off of police officers and drastic cuts to
public works and other municipal
services,
while amassing large amounts of debt
for future generations.
However, Eastampton under
Democrat leadership continues to be fiscally sound. The 2007 data from the New Jersey Department
of Community Affairs shows
that
Eastampton has the least debt of any of the 5 municipalities
in the RV sending district.

Debt service, that percent of
your income that you pay in interest on your mortgage, car loans and
credit
cards, is about 18% for the average
according to
the
Federal Reserve. The debt service for
Eastampton under Democrat leadership in 2008 is just 7.9%, less than half of
that of the average
U.S.