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Why not Revenue Bonds »
« California cities are trying to do the same thing!  
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pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
·Comcast

reply to BBC4544
Re: full steam ahead at your cost

said by BBC4544 See Profile:
the government has no incentive to ever do anything in an efficient manner.
Yea... not too long back a bunch of school districts in western Penna., along with Orange County, CA (among other governments) invested tax money in high risk junk bonds as a way to increase their spendable money. The schemes backfired and the result was that Orange County had to go into bankruptcy, and the Penna. school districts all had to raise taxes to pay for the current year's instruction along with the next. It was precisely because of this steady stream of unlimited taxpayer money that they had no incentive to invest in something reliable.

I have a feeling that these municipal network promoters aren't telling the whole story. How does tricitybroadband.com know how much the system will cost when they aren't the people who will be building it? Isn't it going to be the government that sets the final cost? People who want the government to fund their particular pet project routinely understate the true costs because they know governments are reluctant to spend money on something that appears overly expensive.
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Forums » Municipal PugilismWhy not Revenue Bonds »
« California cities are trying to do the same thing!  


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