$7,732.56
What is the above number? It is the amount of Borough Debt East Rutherford owes per average household. Of course, when we say East Rutherford owes this money, eventually YOU are going to have to pay off the bonds.
14.3 % is how much the Borough Debt has gone up EVERY YEAR on average since Jim Cassella has been mayor. During this same period of time, inflation has been 2.67 %
In 1995, the year before he was elected mayor, the Borough Debt was $6.33 million. In 2010 it was $49.3 million.
Why has this happened? The lack of Democratic representation on the Council leads to out-of-control spending.