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Question: How do we solve the problem of employee attrition, poor working conditions, and a dangerous infrastructure?
Answer: Show your support! The only way to correct the wrongs is to show up at the Town meeting on 4/6 and 5/11 and cast your vote! Click HERE for more info.
Information on this page provided by the Town of Princeton. Check the Town's website for updates.
First, let's look at what we have expended or committed already to this project. This is money the Town will not get back. NOTE, THIS PAGE IS STILL UNDER CONSTRUCTION
Since 2018 on the Public Safety Building project advancement: $887,000.00
From Fiscal Year 2021 to date (March of this year), for repairs and maintenance: $822,088
Below we will show you the costs for the new public safety building, as well as show you what we've spent on our present structures and some of the recurring problems we encounter. We are just a lawsuit away from monies potentially much greater than the ask for the construction.
The below information from the Town of Princeton Website:
Total Project Cost $16,811,146 (Includes contingencies. Note the lowest bid the town receives will replace this item.)
Federal $1,000,000 paid out in phases will reduce long-term borrowing.
Expected Debt Exclusion request will be $15,914,697 This deducts the Federal Grant and includes other fees. This will be the amount of the bond to build the building.
OK, well, what will this cost me?
(Less than a cup of coffee per day by 2030 until the end of the loan!)
Will anything offset these costs? YES, see below.
There are several things that will offset these costs, some are nearly immediate, others are "softer."
The most immediate impact will be on your homeowners insurance. Your insurance is based on an ISO rating. Rating 10 is the worst, rating 1 is the best. Princeton is presently struggling to maintain a rating of 5. If we drop just one rating point, homeowners' savings will run into the hundres of dollars. Click HERE for rating information, how it is computed, and how the insurance companies audit your Fire Department.
The next impact will be on reduced maintenance and infrastructure costs for the present Fire and Police building, and the Annex. The Emergency Operations Center in the new building will replace the Annex as a Town meeting space. Over the last five years we have paid out $(numbers pending) to keep these two buildings in operation. A new building will not need any maintenance for several years. This reduces the Town's expenditures and, in so doing, the tax requirement.
The "softer" impacts will be on your health and safety. What price do you want to put on a new public safety building that can attract and retain the volunteers we need to staff the ambulance? What price to you want to place on retaining our police officers so we maintain our staffing levels? If you don't care how long it takes for an ambulance, police, or fire apparatus to show up at your door, then vote "no." But, if you care about your health and safety, and the health and safety of your loved ones, vote "YES."