Montgomery County Quarterly Report Indicates Generally Favorable Outlook

Map of Pennsylvania highlighting Montgomery County (Photo credit: Wikipedia)

NORRISTOWN — Chief Financial Officer (CFO) Uri Monson’s quarterly report highlighted a couple key points — the first time the county’s fund balance grew at all since 2007 and the first Annual Required Contribution (ARC) to the pension fund since the same year.

Details were laid out during Thursday morning’s bi-monthly meeting of the Montgomery County Board of Commissioners.

“Based on the Q1 revenue results, the county now projects to have an annual operating surplus for the year of over $2.6 million, on top of the nearly $2.6 million in reserves set aside to grow the fund balance,” said Monson.

“This would mark the first year-over-year increase in the fund balance since 2007.”

Read more:  http://www.timesherald.com/article/20130419/NEWS01/130419441/county-quarterly-report-indicates-generally-favorable-outlook#full_story

Montgomery County Issues $55M In Bonds For Infrastructure Projects

Map of Pennsylvania highlighting Montgomery County (Photo credit: Wikipedia)

NORRISTOWN — The Montgomery County Commissioners issued $55 million in bonds this week to address some county infrastructure projects.

While it does not address every item on a long laundry list of infrastructure needs throughout the county, the issuance of the bond addresses a good part of those needs without increasing the county’s current debt service over the next decade, according to the county’s top money manager.

“The bond sale received strong interest from underwriting firms with 10 banks submitting aggressive bids,” said Uri Monson, the county’s chief financial officer.

The commissioners approved the bond ordinance last month. Monson said the bonds were sold through a competitive sale process via an online bid service.  The winning bidder was PNC Capital Markets, with a True Interest Cost (TIC) of 2.39 percent.  The reported difference between the lowest bid and the next lowest bid was .017 percent.

Read more:  http://www.pottsmerc.com/article/20130405/NEWS01/130409500/montgomery-county-issues-55m-in-bonds-for-infrastructure-projects#full_story

Montco Commissioners ‘Listening Tour’ Comes To Pottstown Monday

Location of Pottstown in Montgomery County (Photo credit: Wikipedia)

Editor’s note:  Maybe they should call this the magical mystery tour!

POTTSTOWN — Issues of low-income housing concentrations and economic development are likely to command the agenda Monday when the Montgomery County Commissioners come to town as part of their ongoing “listening tour.”

The commissioners are holding the open meeting Monday at 7 p.m. at the Montgomery County Community College on College Drive.

The meetings serve as a way for residents to get answers and for the commissioners to get a sense of issues their constituents care about as a way to inform important decisions, particularly budget decisions, said Frank Custer, the county’s communications director.

It is the fourth of five such meetings set up around the county that so far have attracted moderate interest from the public, according to Custer.

Read more:  http://www.pottsmerc.com/article/20130210/NEWS01/130219982/montco-commissioners-listening-tour-comes-to-pottstown-monday#full_story

Conversations With Your Montgomery County Commissioners

Join the Montgomery County Commissioners in a conversation on the administration’s first year in office.  Learn about new initiatives the commissioners will be working on in 2013, and have your questions about county government answered.  Monday, Feb. 11^th, 7 pm, Montgomery County Community College, West Campus, Community Room, 101 College Drive, Pottstown.  For more information please call the Commissioners’ office at 610-278-3062.

Montco Commissioners Tell Pottstown The Era Of The “Big Check” Is Over

Editor’s note:  What else is new.  The county is over involved in Pottstown‘s affairs and has helped to create a great deal of the problems Pottstown and Norristown both face by making them the dumping group for Section 8 Housing and social services.  Now we just wash our hands and say “see ya”.  Typical!

POTTSTOWN, Pa. — Say goodbye to the big, giant check.

That was one of several messages Montgomery County Commissioners Josh Shapiro and Leslie Richards had for Pottstown officials last week during a rare joint meeting of borough council, school board and members of the board of Pottstown Area Industrial Development, or PAID.

Officially, the joint meeting was also the required annual meeting of PAID at which the executive director, Steve Bamford, is required to give a report on the activities of the year before.

But since Bamford was not hired until November, there was not much to tell.

Read more: http://www.pottsmerc.com/article/20120529/NEWS01/120529365/montco-commissioners-tell-pottstown-era-of-the-big-check-is-over-(video)

Meet The Montgomery County Commissioner Candidates – October 6

Meet the County Commissioner Candidates – October 6

The Greater North Penn Collaborative invites the Tri-County Community Network and your members and colleagues to join us on Thursday, October 6 at 9 a.m. at the Community Partners Building, 2506 N. Broad St., Colmar, PA  18915 in the Walton Room to meet the county commissioner candidates, hear their views, and ask questions of them. This is a wonderful opportunity for the nonprofit community in Montgomery County to weigh in with your needs and concerns. Remember, 3 of the 4 candidates in attendance will become commissioners. Decisions on the allocation of federal and state funds will be made by those elected.

This candidates forum will take place as part of our regular membership meeting that runs from 9 to 10:30 a.m. Carpooling is strongly advised.

We expect to have a full house, so only if you plan to attend, please respond to Betsy Roush, betsyroush@comcast.net, 215-234-4022, with the names, emails, and organizations of any attendees you are registering.