Health & Fitness
Board of Finance Chairman, John Leary Speaks About Federal Debt vs Town Financing
A statement received from John J. Leary, Southington's Board of Finance Chairman, John Leary reads:
"Unlike the federal government, the Town of Southington does not borrow money to fund operations.
Our local government does not shut down when it is not permitted to borrow more money.
We do not increase debt to pay for current debt service.
We have a balanced budget. We run a surplus. We have at least 10% of revenue in a reserve fund."
Editor's Note: This is sound Financial Management
Vote to elect the Republican Ticket for another two years of progress in Southington.
L.F.
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