It is essential to understand that every dollar counts, especially when it comes to public funds.
I was disheartened to learn that Marblehead has forfeited over $300,000 in interest on cash held at the National Grand Bank (NGB) alone. As a member of the community, I believe that this is a concerning issue that warrants attention and action.
It is essential to understand that every dollar counts, especially when it comes to public funds. The town's failure to invest its money wisely has resulted in a significant loss of potential income. In today's challenging economic climate, this kind of financial mismanagement is unacceptable, and it's imperative that the town takes corrective measures to prevent such occurrences from happening again.
Furthermore, it's concerning that the town did not actively seek out investment opportunities with higher interest rates to make the most of its money. Marblehead is a town that values education, culture, and history, and as such, every penny should be put to good use to support these values.
I urge the town officials to take steps to prevent such losses in the future and to make the necessary changes to ensure that the town's finances are managed in a responsible and sustainable manner. As a community, we deserve better than to see our hard-earned tax dollars go to waste.
17 Elbridge Lane