BOROUGH OF KUTZTOWN'S DEBT

BOROUGH OF KUTZTOWN’S DEBT

Borough’s debt through bond issues----about $14 million

Borough’s startup loan to HU------------about $6 million

Borough’s subsidies or transfers to HU-about $6 million

Borough’s present total debt--------------about $28 million

Borough Council’s vote for HU update-----------$ 1 million Borough

Borough Council’s vote for HU operating cost--$350,000

Borough of Kutztown’s total debt-----about $29,350,000

Yes the Borough of Kutztown’s total debt will be over $29 million

and Borough Manager\Treasurer Vettraino, Mayor Sandy Green, the

Borough Council and Head of HU Caruso should explain how the

Borough plans to repay the debt.