05/11/2026
These were my comments at tonight's Brunswick Town Council meeting during the final formal approval of the budget.
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I've spent more than three decades of my career in banking, and one principle has proven itself true time and again: a healthy bank needs both a strong marketing chief and a strong credit officer, and they need to challenge each other vigorously and respectfully. Marketing says yes to opportunity. Credit asks can we afford it now and can we take the risk?
When one dominates the other, a bank either stagnates or takes on risks it can't survive. I can affirm that this principle is true, having been in organizations with both healthy tension and ones that lacked good balance.
I know town government isn't a business, but this principle of productive tension still holds true.
Our Town Manager, and our School Superintendent, understand the real, daily service needs of their organizations — the roads, the projects, the people, the classrooms, the pressures on the ground. They are, in a sense, our advocates for yes.
The Town Council's role is to be the credit officer, asking the hard questions about what we can sustain, what we can afford right now, and what truly serves the whole community.
Neither role works without the other. Without that tension, you either have a bank that can't grow, or one that collapses — like Washington Mutual did in 2008, when its sales culture crushed credit discipline and the $300 billion bank evaporated overnight.
The best outcomes come not from one side winning, but from both sides being heard, respected, and willing to push back. That productive tension isn't a problem to solve. It is the solution.
Locally, the numbers tell us the balance is off. With the budget we will approve tonight, school spending has increased nearly7% per year over the last five years, while municipal spending has increased over 7.5% per year. Combined with the revaluation, property taxes for the median Brunswick homeowner have jumped more than $1,850 in five years. This isn't just a spreadsheet problem — it's a living in Brunswick problem.
And while we came to a decision with this year's budget that didn't align with what I, and three other councilors, thought it should be, I do support and respect the process, and commit to redoubling my efforts next year to give a more effective voice for Brunswick's homeowners in this balance we try to strike each and every year.
Thank you.