05/31/2026
It appears we've bought two shiny new Caterpillar loaders! (First one arrived the other day.)
At the April 27 Village Board meeting, trustees approved the sale of two 2024 Caterpillar 930 loaders and authorized the purchase of replacements. Trustee Tracy noted that the loaders had been purchased in 2024 for $204,492 each and that the highest bids exceeded the purchase price by $1,630 per machine.
At first glance, that sounds like a great deal.
But receiving less than 1% on your investment does not automatically make replacing it a wise financial decision. The real question is not whether the Village received a good price for the old loaders. The real question is whether replacing relatively new equipment is the best use of taxpayer dollars at this time.
Trustee Tracy stated that, after some quick math, the new loaders would cost approximately $500 per month, or $6,000 per year, per loader. Yet taxpayers still have not been provided with the quotes necessary to independently evaluate that claim despite repeated requests.
The issue isn’t whether the Village got a favorable trade value.
The issue is opportunity cost.
Every dollar committed to replacing equipment that appears to have substantial useful life remaining is a dollar that cannot be used elsewhere. It cannot be used to reduce debt. It cannot be used to strengthen fund balances. It cannot be used for future infrastructure needs. It cannot be used to reduce pressure on taxpayers.
These decisions do not occur in a vacuum. Village assessments have increased. Village tax rates have increased. Town tax rates have increased. Recent budgets have relied on significant transfers from fund balance to close budget gaps. Yet neither the 2025-2026 nor the 2026-2027 budget included appropriations for replacement loaders or revenues from their sale.
If replacing these machines is the right decision, then taxpayers deserve to see the analysis that supports it.
Good governance is not simply getting a good deal or making $800 a year on a $200,000 investment. Good government is demonstrating that a purchase is the best use of public funds when compared to all of the other needs competing for those same dollars.