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I bet if Dexter's $177,000 home mortgage increased by $35,000 each year after still making all of his annually payments he would think he has a huge financial problem.
Well that's exactly what is happening in Warwick. Not only is the city paying tens of millions of dollars each year to cover for these expenses, the liabilities our increases tens of millions of dollars each year.
And what does that mean? Well for the non-poindexters, it means that the minimum required amount of dollars to pay keeps on increasing each year to the point where we have little to nothing left to repair our roads, fix our building and spend money on municipal and educational service we desire. And or yea, have the ability top but a new fire truck when needed rather than a 20 year old that just blew up.
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