Comments on: Decatur Schools Bond Referedum Vote May Be Pushed Back Until 2014

By: DEM

DEM — Sat, 06 Jul 2013 20:48:47 +0000

Indeed they are going up and will have to, eventually. Friday’s better than expected employment numbers actually caused the market to decline for a time because they were regarded as the final nail in the coffin of QE 3 or whatever number we’re now on.

Another threat is that the current administration would dearly love to eliminate the tax-free status of municipal bonds for high income individuals, who, of course, buy most of the bonds. This will, without a doubt, drive up borrowing costs for cities, even those with stellar credit ratings.

By: At Home in Decatur

At Home in Decatur — Sat, 06 Jul 2013 16:57:02 +0000

Forgot about interest rates. That’s a point. But it’s like “saving” at a sale. It’s not a bargain if you don’t need it. We know we need more space but the question is how much and for how long. We made bad, bad mistakes the last time we projected hastily and closed down schools whose buildings we could use right now.

By: JC

JC — Sat, 06 Jul 2013 15:47:48 +0000

The outcome will be that the bond referendum is approved.

By: Primadonnamomma

Primadonnamomma — Sat, 06 Jul 2013 12:45:54 +0000

Thank you for the translation, Smalltowngal. I’m being sincere. That note from the supt. was making my brain hurt….

By: OnEastLakeDr

OnEastLakeDr — Sat, 06 Jul 2013 11:02:18 +0000

Just my two cents… but I wonder how much a delay of a year will cost the city if interest rates keep creeping up. The Fed is signaling that its stimulus measures won’t go on forever. A spike in rates could cost us big time down the road.

Due diligence is one thing, but all of these new students will need classrooms. And it sounds to me like the city may come to regret this delay in the future.