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Monday, April 14, 2025

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Thanks for Debt Reduction

By Bud Hughes, North Wildwood

To the Editor: 

I read with interest, on page 6 of the Feb. 10 Herald, the article where, according to the mayor, the original bonded amount of $15.5 million will be reduced by a $9.93 million federal grant.  

This, as I am led to believe, will reduce the bonded debt to approximately $5.57 million, which would naturally reduce our city’s debt service. 

It’s a good, efficient operation of finances. Thanks to North Wildwood City Council and Mayor Patrick Rosenello. 

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