Comments on: Decatur To Hold Public Hearing on “Urban Redevelopment Plan” http://www.decaturmetro.com/2010/12/02/decatur-to-hold-public-hearing-on-urban-redevelopment-plan/ Decatur Georgia News, Events, Atlanta News Thu, 18 Sep 2014 03:25:37 +0000 hourly 1 http://wordpress.org/?v=4.0 By: MrFixIt http://www.decaturmetro.com/2010/12/02/decatur-to-hold-public-hearing-on-urban-redevelopment-plan/#comment-76265 Fri, 03 Dec 2010 13:19:05 +0000 http://www.decaturmetro.com/?p=20705#comment-76265 Why am I not surprised.

]]> By: Antoine http://www.decaturmetro.com/2010/12/02/decatur-to-hold-public-hearing-on-urban-redevelopment-plan/#comment-76211 Fri, 03 Dec 2010 05:18:43 +0000 http://www.decaturmetro.com/?p=20705#comment-76211 Do you think you’ll attend the hearing on Monday?

]]> By: Jerry's Kid http://www.decaturmetro.com/2010/12/02/decatur-to-hold-public-hearing-on-urban-redevelopment-plan/#comment-76210 Fri, 03 Dec 2010 05:00:09 +0000 http://www.decaturmetro.com/?p=20705#comment-76210 Price-wise, theoretically, yes. However there are lots of cities and states trying to beat the year-end deadline. That means there will be a glut of these things in the market and the interest rate will be somewhat higher than might otherwise be expected. Decatur might actually be able to get a cheaper rate if they tried for the regular general obligation that they issued just a few years back. That would require a referendum and that is something they really don’t seem to want to do. Instead they seem to be willing to oblige Decatur without the voters input.

]]> By: Antoine http://www.decaturmetro.com/2010/12/02/decatur-to-hold-public-hearing-on-urban-redevelopment-plan/#comment-76200 Fri, 03 Dec 2010 03:18:30 +0000 http://www.decaturmetro.com/?p=20705#comment-76200 So J’s Kid — are you saying we come out about the same as with regular bonds?

]]> By: Jerry's Kid http://www.decaturmetro.com/2010/12/02/decatur-to-hold-public-hearing-on-urban-redevelopment-plan/#comment-76187 Fri, 03 Dec 2010 02:15:01 +0000 http://www.decaturmetro.com/?p=20705#comment-76187 That 35% Federal subsidy exists because interest on these bonds is subject to taxes. These are not ordinary municipal bonds with regards to the interest rate paid; they pay about 35% more and then the interest is taxed.

However, they are like municipal bonds in that the taxpayers will be paying on these things for decades. The Commissioners should go for a regular old bond referendum like they did a few years back. Maybe if they were planning on calling a binding, city-wide vote on this issue they could be called to account for how miserably they budgeted the last bond issue.

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