Hey its government, why pay off the $18 million debt if you don't have to. What would Pacifica do?
Go |
Pay down some debt, collect sales tax |
Half Moon Bay voters go the polls in November to decide the fate of Measure J, a half-cent sales tax hike that would provide an estimated $867,000 per year for city infrastructure projects.
... Half Moon Bay leaders intend to convene a special meeting sometime next month to gather public input on how the money should be spent. Before that meeting, city officials will prepare a series of spending recommendations for the public to consider.
.... Those bonds were scheduled to be paid off over 30 years, at a total cost of more than $32 million, but the city also has the option to pay off some of the bonds early to preclude mounting interest payments."
Posted by Kathy Meeh
2 comments:
NMM=No more money
These scoundrels squandered all the money, No more money!
All the money is in the fat cats wallets!
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