In what is clearly a first, the Common Council voted 7-2 (Turco-Levin and Polacco in the negative) to bond for a variety of things including $100,000.00 for tax certiorari proceedings.
Alderman Turco-Levin summed it up well by saying it was the equivalent of putting a mortgage payment on a credit card. Alderman Polacco was also correct when he described the bond as "excessive".
It seems clear to me that we need more prudent fiscal policies in our budget and bonding. Obviously, essential costs were deducted from the budget and bonded to hide the extent of the spending and tax increase.