Scarsdale Cannot Afford to Double its Debt
We, the undersigned voters and residents of Scarsdale, call on the Mayor and the Scarsdale Village Board of Trustees to act within its fiduciary responsibility and reject the current and any future SCC proposals to build a $24 million multi-purpose facility, funded with a $16 million Village of Scarsdale General Obligation Bond.
We believe that for the Village to embark on this project would be a fiscally irresponsible risk to all Scarsdale taxpayers. Doubling the Village's debt load for a project that should be funded entirely with private funds puts the entire Scarsdale taxpayer-base at risk for the benefit of a small minority of the Village's residents.
It is time to focus on investing in our schools, maintaining our basic services and to stop looking to mortgage the future of our community's financial health for a $24 million multi-purpose luxury facility. It is time to say NO to the SCC.