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Sequester Forces Delay In Egg Harbor Borrowing Decision

The federal sequester is having an effect on the Village of Egg Harbor's plans to decide on borrowing for a new village center.  

Village trustees were poised to debate the merits of borrowing $1 million for the facility at their meeting Monday night but Village President Nancy Fisher says the sequester is forcing them to push back that discussion until next month.

"Our financial adviser, Todd Taves from Ehlers Associates sent a memo on Friday saying because of the sequester and the financial ramifications not to look at this until after the 1st of April," says Fisher.

Fisher says there won't be any action taken on potential borrowing until at least the April Village Board meeting.

Village officials say the Cowles Village Center would house an expanded library, visitor center, an education space and possibly the historical society.

Monday's meeting is at 6 p.m. in the Paul J. Bertschinger Community Center.

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