Town Square

Fire Tax only Delays Tough Decissions Needed Now

Original post made by John, another community, on Aug 9, 2012

This story contains 275 words.

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Posted by Crazy
a resident of another community
on Aug 9, 2012 at 8:47 am

What is really crazy is that the Fire District sells $129,000,000 million in bonds to make pension payments. The District will pay the bond holders over 4% interest and make payments to a fund that receives 2% income. Who makes investments like this? Now they that they have borrowed at four percent to get two percent back they need more of your tax money for the next brilliant move.

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Posted by sponge_bob_roundpants
a resident of Danville
on Aug 11, 2012 at 11:28 am

WAKE UP people!!
Read it and protest - Oh, and guess what - Lehman Brothers helped structure it - doesn't that tell you something right there?