Quote:
Originally Posted by nik-
Come on MMF. Bank loans don't come from the tax base. A city loan would, regardless if over the next 20 years we get it back, it's a lump sum of taxbase money up front. You can support the city lending the money, but lets not pretend there's no difference.
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No, that is flat out wrong.
The city would not cut a cheque from its coffers. It would borrow the money in the markets. The project would pay it back.
At no time would money ever come form the tax base.
The only reason the city would be involved in the process at all is that their credit rating would secure a cheaper loan.