We've got an important bond election coming up here in Pima County. November 3 will bring some big decisions about our future. We need these bonds primarily to compensate for the actions of our Devil-for-a Governor (Ducey) and his marionettes in the Arizona legislature. To maintain their calls for no new taxes, and the flow of taxpayer dollars into the pocket of corporate interests (think prisons, charter schools, etc), they've shifted expenses to local municipalities to make up for the State deficits. It's bad enough that Pima County is suing the State for this.
Perhaps there's hope if we look at municipal bonds in a new way. Yesterday, Amy Cortese's article in the New York Times offered some novel ideas for bond funding. Basically, it suggests that bonds be sold directly to the people. I think we've got just the right blend of residents in the Tucson area, and statewide, for such approaches to work. This could be a win-win as the County would get more from the allotted funds (lower administrative rates), the bond owners would get higher interest rates than many options they have for investing, and a local bank could profit from administering the program in a streamlined, cost-effective way.
Read the excellent article here.
Perhaps there's hope if we look at municipal bonds in a new way. Yesterday, Amy Cortese's article in the New York Times offered some novel ideas for bond funding. Basically, it suggests that bonds be sold directly to the people. I think we've got just the right blend of residents in the Tucson area, and statewide, for such approaches to work. This could be a win-win as the County would get more from the allotted funds (lower administrative rates), the bond owners would get higher interest rates than many options they have for investing, and a local bank could profit from administering the program in a streamlined, cost-effective way.
Read the excellent article here.
RSS Feed