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The town is spending its way into irreversible urbanization of Downtown Cary. Demand fiscal responsibilty
I am deeply concerned with a growing pattern of fiscal irresponsibility evidenced in the “Downtown” area where municipal projects are plagued with cost overruns, and where tens of millions of dollars are being appropriated from the Town’s General Fund to benefit private ventures with questionable viability and value to the community.
The town is spending its way into irreversible urbanization of Downtown Cary. With $35 Million spent so far on downtown urbanization projects, no long term plan to achieve fiscal responsibility can be found. There is no schedule, no final cost, and no end in sight.
I request that the Town Council cease the use of the Town’s General Fund for land acquisitions, and suspend all private projects financed with taxpayer dollars without public hearings and voter approval.
I further request full disclosure of long term development goals for the “Downtown” area, including cost/benefit analyses, tax implications and other public and private funding sources prior to approvals and commitments.
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