| reply to hottboiinnc
Re: Yay Opelika! The difference is that a majority of the voters voted for it. |
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| the difference is many still voted "NO" and and will still get stuck with the bill regardless. That's the whole thing behind this. Why should some 60yo+ person have to pay for this build out if they don't want it? But yet, they'll still pay for it, one way or another, the same they do in many other cities.
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 pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | reply to battleop
Re: Yay Opelika! said by battleop:The difference is that a majority of the voters voted for it. It always seems that the voting majority that wants any freebie rarely coincides with the shrinking number of people who are taxed to pay for it.
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| reply to hottboiinnc
And many people voted "NO" to Obama, yet we are going to have to pay for health care for that 60 + crowd. This is how democracy works. |
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| reply to pnh102
said by pnh102:said by battleop:The difference is that a majority of the voters voted for it. It always seems that the voting majority that wants any freebie rarely coincides with the shrinking number of people who are taxed to pay for it. What "freebie' are you referring to? Are you sure you're posting on the right thread? You may have taken a wrong turn at Fox News. |
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| Re: Yay Opelika! again I DO NOT LIVE IN CLEVELAND. What part of that don't you seem to get? Just because Cleveland is the main PO here doesn't mean i live there. I'm sorry i live in an upscale town with plenty of $$$$ that Cleveland will never see. And yes i do not like Muni projects, their nothing but a money pit and thats all they ever will be. They don't even come close to breaking even.
It comes back to the whole thing with Ohio and taxes- especially with school districts. Why should someone have to pay when they're not going to use it nor ever plan on using it. My 75year old grandmother shouldn't hae to pay for something like this if her city deployed this, nor should you're grandparents or parents. It's not fair to them just because you want it. IF you want it YOU pay for it. And that's the way it has ALWAYS been.
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| reply to battleop
the health care plan is what the country needs. but speaking of tax money. You don't want to help bring down the cost of your own healthcare but yet you'd be willing to pay for a war that has gone on for how many years now? 9? yep! that's it! 9 and no proof that Iraq ever did anything to us. Expect for when he bombed the White House when G. H. Bush was in office. But yep! we'll bomb the hell out of Iraq then spend boat loads of money to rebuild, only to go back in 30years to reblow it back up and build again.
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| reply to pnh102
Re: Yay Opelika! and thats the way muni projects are done. A few want them, ALL pay for it. |
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 nightshade74Yet another genxerPremium
join:2004-11-06
Prattville, AL
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| reply to hottboiinnc
Re: Yay Opelika! said by hottboiinnc:and thats the way muni projects are done. A few want them, ALL pay for it. Please elaborate. I thought the article stated it was being
payed for by a revenue bond.
Revenue bonds only pledge the income from the activity
ie water plant, airport, etc.
This of course differs from a general obligation bond .
Furthermore, as it turns out in this case a MAJORITY wanted it. |
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| reply to hottboiinnc
Except in Opelika 62% wants it. Thats a bit more than a few. |
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| reply to nightshade74
the bonds still pledge income from others things the city does; water plant? hmmm higher water bill? airport taxes going up? and when nobody wishes to use the airport anymore where's that money going to come from? electric service? the rates can go up.
As i said before- the majority wanted it but that still leaves those paying for it that do NOT want it. DO you want your 80+ year old grandparent paying for something they'll not use in their lifetime nor have any clue what it is?
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 marigoldsGainfully employed, finallyPremium,MVM
join:2002-05-13
Saint Louis, MO
kudos:1 | I don't know how I missed this before...
$30M of the $33M is to build the smart grid for the electric utility.
The electric utility already built the fiber ring covering the entire town. So, only $3M is being used for the FTTH utility and building a new building for the power utility. The $30M Smart Grid portion has already been started, and apparently was going to go forward regardless of the outcome of the vote.
»www.muninetworks.org/content/ope···m-public
»www2.oanow.com/news/2010/jul/31/···-647764/
»www2.dothaneagle.com/news/2010/j···-434078/
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nightshade74Yet another genxerPremium
join:2004-11-06
Prattville, AL Reviews:
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| reply to hottboiinnc
said by hottboiinnc:the bonds still pledge income from others things the city does; water plant? nor have any clue what it is? Um... Revenue bonds pledge revenue from a specific
activity. In example water plants pledge revenue
FROM the water plant. Airports pledge the activiy
of the airport. In this case revenue is pledge
FROM THE MUNI project.
said by hottboiinnc:hmmm higher water bill? airport taxes going up? and when nobody wishes to use the airport anymore where's that money going to come from? electric service? the rates can go up. As i said before- the majority wanted it but that still leaves those paying for it that do NOT want it. DO you want your 80+ year old grandparent paying for something they'll not use in their lifetime nor have any clue what it is? So if the only thing pledged is revenue from the
muni project... AND they have to raise rates
on the FTTH customers... How the heck does
that effect grandma if she hasnt subscribed?
Revenue bonds are not general obligations. |
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