Mortgage Payment Jumps 27% (1 Viewer)

[Patrick Larkin]

As was said earlier, Bond issues are used to build buildings or renovate existing buildings. Districts cannot surplus $100 million. Thats why I said if a district needs $100 million to build, do you issue a bond or shut down the district by uisng the operating money to build? Your choice. There is a third choice - let the kids go to school in a dilapidated or undersized structure. Thats the choice of tax reformers...

More fiscally intelligent districts are actually INCREASING their debt now while interest rates are low.

 

[Philip Hamm]

Excellent points, I definitely overreacted in my earlier post. I should point out that my particular locality tends to greatly overuse bond refferendums, so I view them extremely criticaly in that context.