ricep5
Premium
join:2000-08-07
Jacksonville, FL
 ·AT&T Southeast
 ·AT&T CallVantage
·VoicePulse
 ·Comcast Formerly ..
| reply to raydsltech
Re: How convenient
Typical Muni based fiber plans do not use general tax revenue to fund their efforts. They use their tax-exempt bonding authority to have the project underwritten and pay for the capital costs. The actual revenue to pay the bonds comes from the system subscriber income.
Other than competition, what scares Cox and BS is that Muni's can finance capital improvements cheaper than they can by using their tax-exempt bonding status. Typically, publicly held companies cannot get 30 year bonds that cheaply and pay back shareholders as quickly as the market is demanding. So they need near monopolistic policy to maintain the higher prices to pay both. |
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Fiber2home
join:2004-12-30
Lafayette, LA
| Their plan calls for 25 year revenue bonds. There is a group trying to call for an election on the issue and have referenced the incorrect bond type in their petition. The group will have to start over again on getting their 75 signatures which have been obtained by cox and bellsouth employees. |
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