Press Releases

Candidates Byrne and Gertler Support Council’s Bonding Decision


MADISON – In a joint prepared statement, Democratic Candidates for Madison Borough Council Maureen Byrne and Jeff Gertler express support for the Madison Borough Council’s decision to issue $1,263,000 in bonds for the borough’s share of the cost of the artificial turf fields at the Madison Recreation Center (MRC).

Byrne and Gertler stated, “We believe that council’s decision to bond the borough’s share of the cost of the fields was the prudent fiscal decision.  With the borough’s current program for infrastructure investment, to deplete our fund balance, a primary source for capital, at this time would be irresponsible.

Our opponents have suggested that a projected future ‘windfall from the electric utility’ could be used to fund infrastructure projects that we all support.  We believe that spending unrealized future income now is just not prudent. The full benefit of reduced cost of electricity to the borough will not be realized until 2015, approximately two years from now.”

Sign Up for E-News

Byrne added, “If we look back at the history of the funding for the fields, we find that past estimates have been consistently incorrect.  Two years ago, predictions were that the project would be ‘completely paid off in three years.’  At the same time we were also told that the fields ‘would not cost Madison taxpayers a dime’ and as recently as last year, Republican candidates for council assured Madison voters that there would be no financial impact on Madison taxpayers from the fields.

Well, none of these financial projections were realized. And now, after two months of negotiation, the Madison Athletic Foundation (MAF) has committed to raising $900,000 and Board of Education has agreed to contribute $1 million from the expected sale of the Green Village Road property to help pay for the fields.  That leaves the borough with $1.263 million to be paid for out of the Open Space, Recreation, and Historic Preservation Trust Fund.”

Byrne and Gertler stated, “If the council had accepted our opponents’ no-bonding position, the borough would have effectively eliminated its capital fund balance.  The borough has made great strides these past two years in infrastructure maintenance and repair, but we still have many roads that need repair, sewers and water mains that need replacing, and the very real potential of having to spend as much as $3 million for needed improvements at the Madison-Chatham Joint Meeting sewage treatment plant.  We cannot depend on optimistic projections of future income to address these very real needs.”

Gertler added, “This is a good time for bonding with interest rates still near their historical lows. With the anticipated ending of the Federal Reserve Bank’s program of bonds and other financial asset purchases called ‘Quantitative Easing’ later this year, interest rates will likely increase.  If the electric utility’s ‘windfall’ isn’t achieved, if the MAF is unsuccessful in raising their $900,000 contribution, if the Green Village Road School sale isn’t consummated, or if the borough is faced with a major infrastructure failure or other unanticipated capital need, we would be faced with the necessity to bond at a much higher rate of interest. Those are a lot of ifs to take a chance on.”

Byrne and Gertler concluded, “We applaud the borough’s decision to take the fiscally conservative and prudent course for funding the fields.  It is taking fiscal responsibility for the future of Madison.’”

Caption: Democratic candidates for Madison Borough Council, Maureen Byrne and Jeff Gertler are jointly supporting the council’s decision to bond $1.263 million for the borough’s share of the cost for the turf fields installed at the Madison Recreation Complex. The bonds are to be paid for by the Madison Open Space, Recreation, and Historic Preservation Trust Fund.  The candidates agree that the borough’s decision represents the fiscally conservative and prudent course for funding for the fields.


TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News


The Baroque Orchestra of New Jersey and the Madison Area YMCA present PhilanthrOPERA: A Musical Celebration of Philanthropy

July 19, 2018

Join the Baroque Orchestra of New Jersey and the Madison Area YMCA for PhilanthrOPERA: A Musical Celebration of Philanthropy, a gathering that celebrates music while raising money for a nonprofit that serves its community on Saturday, September 29, from 7 to 9:30 p.m. PhilanthrOPERA will take place at Grace Episcopal Church, located at 4 Madison Avenue in Madison, with a reception to follow.


AtlantiCast: Episode 18

On this week’s AtlantiCast, you’ll find out how accessing care at Atlantic Health System is now easier, more affordable and closer to home than ever, learn which item from the produce aisle could be the newest weapon against cancer, see what Atlantic Health System, the New York Times and Instagram all have in common and much more.



5 Simple Ways to Save Water this Summer

According to the L.A. Times, the average American uses an estimated 98 gallons of water EACH day.  

Here are five simple ways you can save water, to help you conserve water this summer and take some pressure off of your drains.

1. Unless you are using it, turn the faucet off. How many of us still leave the water running while we shave or brush our teeth?According to ...