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"The Westchester Field House" - "Build The Bubble" Event - Westchester's New Indoor Sports Center

Posted by Phyllis Lerner, July 14, 2012 at 06:53 pm

Wednesday, July 18, 2012, 7:00 PM Add to calendar

715 Dobbs Ferry Rd White Plains NY 10607 See map

We need your support and voice on Wednesday, July 18th, 2012 at 7:00 PM at 715 Dobbs Ferry Rd, Greenburgh, NY 10607 to make "The Westchester Field House" a realty for all of us.

Please see our website at

http://thewestchesterfieldhouse.com

for more details.

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Sonny (Louis) Linder May 18, 2013 at 05:07 pm

CORRECTION TO LAST POST: The last sentence should read: "Let's continue to share, but…Read More face-to-face." Thx - Sonny

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Sonny (Louis) Linder May 18, 2013 at 06:06 am

Thanks, Jon - you raise important considerations and in a calm, dispassionate way, which I…Read More appreciate. As for alternative funding mechanisms, in hindsight I believe they should have been examined and addressed this earlier this year had the decision-making been opened up to the public in a completely bidirectional manner much earlier in this year's budget cycle. A real take-away from this situation, in my opinion, is that we in the community were not given the opportunity to sit down together with sharpened pencils in a public forum and allowed to vet and actually challenge the Administration's assumptions in order to arrive at budget alternatives with the Administration and Board. The comparison you make with Washington is indeed apt in that it reflects the way decisions have slid back to being made in a vacuum and handed down to the voters instead of in a democratic fashion based on budget-to-actuals instead of budget-to-budget figures combined with the practice of over-reserving for expense items while under-estimating revenues. Although the Board did indeed reach out to me and 2 others asking for suggestions, when we re-iterated our request for an open meeting format to include other financially savvy community members, these requests were consistently ignored. Which is why we are in the current position we are in having to decide on Tues on a tax levy cap-busting budget requiring 60% super-majority. Which the public will decide, of course, and we will live with the consequences: either it passes, or the Board and Administration will be forced to rein in the excesses. And much as I love open debate, I restate that online posting leaves does leave a lot to be desired. Let's continue to share, but not face-to-face. Respectfully - Sonny

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Jon Satran May 18, 2013 at 12:16 am

Sonny, I like the idea of brainstorming together, thinking outside of the box, but there are some…Read More major obstacles that I think you need to consider: 1) A Bond referendum requires a 45 days’ notice period. It cannot be presented for a vote before this year's budget process is concluded. 2) To release reserves based on the hope that a future bond vote would be successful is reckless. What happens if reserves are released and then the bond referendum fails? You would not risk your home finances with this type of risk, would you really risk your school’s financial health? 3) Our tax certiorari reserve was just recently reviewed in consultation with our attorneys and we are appropriately reserved for today’s commercial real estate market. 4) Most importantly, this proposal would create a larger and tougher tax increase next year. In other words, adding $1,000,000 of revenue this year through a loan would require replacing that revenue with an additional $1,000,000 again next year and the year after. Borrow and spend economics does not work as we have seen from the national level. Deficit spending, which has been suggested may or may not work in Washington, but it certainly does not in Briarcliff Manor. When the school’s reserves are exhausted, we will face impactful program cuts or much larger tax levy increases. Respectfully - Jon Satran

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