continued In nearby Bethlehem, for example, residents are facing an 8 percent tax hike and the slashing of services, including a small reduction in the police force, because a tax agreement with industrial user Selkirk Cogen is set to expire this next year. By not looking to the future, leaders there are left in an uncomfortable position — not unlike Colonie was placed in when the deficit ballooned after years of mismanagement.
So while the times are good, think of when times will be bad. They will surely arrive, whether it be in a quarter century when the landfill deal runs out or sometime much sooner. Only by keeping that in mind will Colonie avoid a repeat of its blemished financial history.