Rick
Premium,MVM
join:2001-02-06
Waterbury, CT
clubs: 
| reply to Ahrenl
Re: I'm sorry but..
The yield on 20 to 30 year triple A rated municipal bonds currently stands at 4.40 ~ 4.47% per bloomberg.com
»www.bloomberg.com/markets/rates/
Sorry, but offhand I can't find any calculators to calculate 128.5 million at that rate over 20 to 30 years.
And, you can't just look at this per person. Per household is what needs to be considered because that's what you'd then compare to whatever cox or bell south currently charges.
There is NO WAY that this is worth it to this community as a whole.
We are talking about a community with people earning 1/2 the national per capita income (only 20k per year versus national average double that)(source..wiki article).
To incorporate such wasteful, unnecessary spending into their lives is outrageous.
Again, at issue here is not a community with no broadband today. And certainly not a rural area with a 100k + population..and double that amount in the metro area.
It's already served by Cox and Bell South.
There is NO savings here..just huge debt piled on people who earn 1/2 the per capita income of the rest of the country.
This community has MUCH more pressing needs than this.
Whomever is behind this initiative is railroading this through the community. If citizens saw these actual numbers of what this is costing them, whether they even want the service or not..they'd probably pass out.
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The Coyote captured the RR! Roadrunner Rick is now Comcastic! |
