As countless Lodi residents are losing their homes, the machine candidates say: "continue the progress".
What do they mean by “continue the progress”?
Taxes?
Foreclosures?
2014 Foreclosure Listings: Lodi Had More than Garfield.
The above represents the number of properties assigned
a Sheriff’s number and foreclosure sale date for the 2014 calendar year.
Lodi has pages of properties listed as pre-foreclosures. Those are not included in the above table.
This information came from a public records data base for Bergen County.
Debt?
2006 net debt: $11,799,400
2014 net debt: $22,410,673
The political machine increased Lodi’s net debt by $10,611,272 or 90% just during the last two council terms. On average, they are growing the debt by over a million dollars each year.
Could you imagine what Lodi’s property taxes would be if the Lodi politicians actually budgeted for their basic expenses instead of borrowing for everything?
