If you have not checked it out yet, please do http://yngair.blogspot.com/. It is pretty good and amazing how similar we are except they make a profit while we lose $2,000,000 per year. We need to take a closer look at the budget at ORH and figure out how an airport with a new terminal, no commerical airline service and which appears to be in the same condition as ORH make money while we lose $2,000,000 per year.
What accounts for the $2,000,000 per year difference. Charley Farley can look into this???
From my December 15 posting on www.closeorh.blogspot.com
ReplyDelete"The FY2006 airport budget shows $3,668,059.24, of which only $649,034.00 is debt service. The rest is for Personal Services, Ordinary Maintenance and Fringe Benefits."
The $649,034.00 is debt service. Worcester already spent this money and is paying it over time. You can't cut this. As far as I'm concerned, the balance of $3,019,025.57 is fair game for elimination.
Debt service is debt service. Maybe we could look into refinancing the debt?? Wonder what interest rate we are paying....
ReplyDelete$3,019,025 where can we get a break-down of this?? It would be interesting to see the budget for YNG?
The FY2006 Airport Budget can be viewed at
ReplyDeletewww.ci.worcester.ma.us
Choose:
Reports & Plans ->
Fiscal 2006 Annual Budget (HTML)
Section V-3 Regional Airport
It's a sad, sad story
Charley Farley (an abused taxpayer)
www.closeorh.blogspot.com
abusedtaxpayer@gmail.com