When town councils raised (TC) its conservancy fees, the reasoning given was that it needs to meet operating cost. This gives the idea that our TCs will not have sufficient funds to operate optimally if conservancy fees are not increased. Hence, the citizens acquiesce. Bo Bian.
On the other hand, some of the TCs have in excess of $100 million. In fact, these TCs dabble in stock market, mini-bonds, shares etc and it was reported that they had lost millions of public funds. You cant increase the conservancy fees just so that you can continue to gamble away these monies.
There should be a capped as to how much reserve funds TCs can accumulate. Once it has reached its desired reserve amount, TCs should operate in a manner where any excess funds should be channelled back to the constituency and any profits from its 'gambling' activities should be used to rebate conservancy fees further on top of what the gov has given through tax payer's money.
Hoarding of the people's money is incorrigible.
*Article first appeared on his FB page here.