For years there have been stories of stimulus money wasted on projects from the East to the West Coast. Millions of dollars reported to have saved or created jobs that in the final analysis had tremendous costs. None of us likes to see our tax dollars wasted. When we hear those stories they're always about someplace far away, these things wouldn't happen here. Or would they?
Troy township is just south of Hudson. The 2010 census data reports 1,250 homes, a median income of $75,874; 2.5 percent of the households consist of a single person over 65; 76.6 percent of the families are traditional two parent households; 43.5 percent of the households have children under 18; 98.25 percent are white. In short, this is an affluent community with only 1.9 percent of the population below the poverty level.
The township board wanted everyone to have high speed Internet access, a laudable goal, but certainly not something most of us would consider government's job, not local, state or federal government. Troy Township did some homework and applied for stimulus dollars for their project. They received a $4.5 million grant and a $4.5 million low interest loan.
While the world goes wireless Troy Township paid more than $6,000 per home for high speed fiber which in the end isn't even high speed. There is a 22-year return on investment with this project and Troy Township doesn't even retain ownership of the infrastructure.
Whether you're talking the $534 million flushed down the drain with the Solyndra bankruptcy or this $9 million, the government spending your money for the sake of spending money is bad enough. The government taking out a loan and spending your children's money just to spend money really should get your attention.
Tom Winkler, Prescott