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Archive for Financial

Who pays the WTE Bonds?

Posted by admin on
August 22nd, 2012

The Frederick County Commissioners would like you to believe that the Northeast Maryland Waste Authority (NEA) will be "on the hook" for the bonds but that is only partly true. The complete truth is every County taxpayer will be "on the hook" for bond repayment. As a retired accounting professional…

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Living in another financial reality

Posted by admin on
July 23rd, 2012

As posted in: Frederick News Post It’s always good to learn from the mistakes of others. Montgomery County’s incinerator is such a mistake. According to a June 8 report by Moody’s Investors Service, disposal costs in Montgomery County are “high at around $110 per ton.” It also states that the…

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Conflicts of Interest

Posted by admin on
July 9th, 2012

Robin Davidov was the executive director of the NMWDA and has been lobbying around the world in support of incineration. The NMWDA will not only own the Frederick County incinerator but will also receive a kickback of $490,710.00 the first year of operation and in subsequent years, these kickbacks increase 3%…

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Negative Impact to the Community

Posted by admin on
July 9th, 2012

Residential property values will only decrease due to the undesirability of the incinerator. Many large residential communities are within 6 miles of the approved incinerator site, and many are currently being constructed in areas where the incinerator is being considered. Shopping centers and hotels are within a mile of the…

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What Is the Trash Incinerator?

Posted by admin on
July 8th, 2012

The options are not incineration vs. a landfill To deal with its trash (also called solid waste), Frederick County currently operates its own waste transfer station and landfill. In January 2009 Frederick County implemented a residential curbside, single-stream recycling program, but it also long-hauls much of its waste to a…

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