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Monday, June 12, 2017

SLUSH GOES THE FUND

Everybody loves the new MARSHALL school now. It's a modern, state of the art educational facility. While seemingly to have  not done enough to solve our overcrowding problem imagine if you will if it had not been built. Yea maybe we should all agree now it was a good idea that we bonded $92 million for it. You know they say hindsight is 20/20.

Then again maybe we need to look back through some corrective lenses. What role does the servicing of that debt in the city's current financial crisis? Don't forget an extra $4 million or so was added onto that bond to pay for the demolition of that supposedly inhabitable school. Now I thought I heard yalk about the possibility of selling it to a potential private developer and if so what happens to the money supposedly set aside for its demolition?

Could the money we are paying to service this debt have allowed us to release some of the pressure on the tightening of our public service budgets? There are no easy answers but we got to ask probing questions to get the best answers.

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