By Bud Hughes, North Wildwood
February 24, 2021
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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