Moosic Borough Loan Release:

Moosic Borough is consistent in lowering taxes and municipal fees for borough residents. This past week Borough Council eliminated the General Obligation Term Loan. A 6 year term note was issued in 2012 in the amount of $800,000.00, to provide funds for the replacement and rehabilitation of portions of the Borough’s existing sewer mains, including, but not limited to, Birney Avenue crossing at Railroad Street, Stone Street extension, Birney Avenue at Route 502, Main Street, Spring Street, Birney Avenue and Rocky Glen Road. Moosic Boroughs financial management is the process of obtaining funds to support the necessary services provided by the Borough and using those funds in an effective and efficient manner. Sound fiscal management requires a well planned budget and effective use of the budget as a tool for managing the receipt and spending of money throughout the year. Council President Joseph Mercatili stated “ I am pleased to eliminate this loan and provide a sufficient saving to the borough residents along with a strong infrastructure.”