batterup
I Can Not Tell A Lie.
Premium
join:2003-02-06
Netcong, NJ
clubs:
 ·Verizon Online DSL
| reply to woody7
Re: hmmmm......
said by woody7  :As I have said before, these munis' are doing this a lot of time because of being ignored and cherry picking. They are not ignored by broadband providers. The two-bit political hacks are just pandering to their contributers and making tax payers foot the bill. Even the 1/2 that don't want or care about computers have to pay so business can have cheep broadband. That leaves more money to send political hacks to Hawaii on *fact finding* trips. |
|
Ahrenl
join:2004-10-26
North Andover, MA
 ·Verizon FIOS
| Actually the most successful muni projects are built without property tax revenues. Do you know how cheap it is to issue municipal revenue bonds? The interest rate is around 3-4% due to their tax advantaged status. If revenue bonds are defaulted, the assets that are funded by them are granted to the bond owners, but there are no possible repercussions on the community. (other than loss of the built asset).
But please, keep spouting uninformed nonsense. |
|
cracker 52
@comcast.net | The reason why municipal bonds have low interest rates is because of the tax breaks given by the Federal (and sometimes state) government to the bond holders. So, the loss tax revenue is a cost to those who are paying taxes. |
|
JakCrow
join:2001-12-06
Palo Alto, CA | reply to batterup
No. Most of the time, these areas are being ignored. Or there is no price competition. |
|
Ahrenl
join:2004-10-26
North Andover, MA
·Verizon FIOS
| reply to cracker 52
You mean a loss to those receiving taxes. These usually are purchased by money managers, or large corporations, both of which are probably not paying taxes to the local community. So the there will be a tax loss to the federal coffers, which I only count as a good thing. The less money DC has, the less things they can screw up, unless they use deficit spending.. Ahemm. |
|
batterup
I Can Not Tell A Lie.
Premium
join:2003-02-06
Netcong, NJ
clubs:
·Verizon Online DSL
| reply to Ahrenl
said by Ahrenl :But please, keep spouting uninformed nonsense. Spout this, make your children, if your kind will ever have children, pay for it. There is no free lunch.
The only people that think things are free live in their mothers basement and eat her food. |
|
