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New Direction Better?

Killingworth will be celebrating its 350th birthday this year, and for the first 340-plus years it did not go to Wall Street to borrow funds to finance things except when it went with our neighboring town to finance school construction. To finance increased spending a town must either increase taxes, increase the tax base, or borrow.

Killingworth has not raised taxes for the past few years, and it does not have zoning regulations that encourage an increase in our tax base, so now, Killingworth’s present leadership has embarked upon a plan to go to Wall Street to borrow funds to finance what in the past was paid for without borrowing. Some say today is different, and this new funding method is better than the past method.

Is this new direction for Killingworth better than the method used in the past 340-plus years, during which most of the present Killingworth infrastructure was built and paid for without going to Wall Street? You decide.

Philip Stull

Killingworth