From 2006 to 2012, Luna and his Council increased
Lodi’s NET DEBT from $13,388,826 to $22,840,048. That is a $9,451,222 increase in NET debt in just
seven years (71% increase). That is an
average of $1,350,174.57 added to Lodi’s NET DEBT each year during that
period.
(The
above years are the only ones currently listed on either the NJ Community
Affairs website or Lodi website. 2013
will be posted when available.)
And what did this council say to Lodi’s exploding
debt?
YES, YES, YES, YES, AND YES!
Now you know why Luna really needed all 5:
