Ray Carroll calls bonds the lifeblood of our community. Chuck Huckelberry says they will cost us no more than a latte… and then others tell us the truth. From the Tucson Progressive:
Pima County Bond Issue: ‘Web of Debt’ or Investment for the Future? (video)
In a month, Pima County voters will be asked to vote on a $816 million, seven-part bond issue that includes construction of multiple buildings and roads to benefit existing corporations or attract new businesses to Southern Arizona. Sprinkled amongst the corporate-giveaways are improvements or construction of libraries, community centers, parks, neighborhoods, and other perks that benefit the rest of us.
With 99 separate projects over a 27-year period, this bond issue is far-reaching in its scope and cost. The big question is: Is taking on this amount of debt sustainable and affordable?
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