More debt

Item 16.1 on the regular city council agenda for May 17, 2016 contemplates the issuance of $100 million of certificates of obligation.

Item 16.2 on the same agenda contemplates the issuance of $200 million of general revenue bonds.

It’s a good thing that they only meet every other week.

I don’t think it makes much difference what the money is supposed to be for.  Based upon what we have seen lately they might just “re-purpose” the money after they have it.

We deserve better

Brutus

One Response to More debt

  1. Just Asking says:

    Consider the backgrounds of the individuals on city council. Do you really want these people making recommendations or decisions regarding hundreds of millions of dollars? We are so screwed.

    Like

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