Letter: Pay for projects now, not with RISE bonds
Removing the debt limit on the amount of bonds a county can issue is sufficient reason to vote “no” on State Constitutional Amendment Question 2; it’s like giving the counties credit cards with no spending limits. If a county needs a building, it can raise the revenue to pay for it. If it uses a bond, the same building will cost our next generation of taxpayers double — due to interest. The Honolulu Star-Advertiser has published a letter urging a vote against State Constitutional Amendment Question 2, which removes the debt limit on the amount of bonds a county can issue. The author argues that this is akin to giving counties credit cards with no spending limits. If a county uses a bond, the same building will cost its next generation of taxpayers double due to interest. Since counties do not collect tolls for roads they build, the rent collected for affordable housing will never cover the infrastructure building cost. If unpaid, the county's bond rating falls and interest rates on bonds will rise.
Pubblicato : Ieri di None in Politics Finance
Removing the debt limit on the amount of bonds a county can issue is sufficient reason to vote “no” on State Constitutional Amendment Question 2; it’s like giving the counties credit cards with no spe... [1279 symbols]
Temi: Markets
