
As usual, City Hall has surprises in every vote they're putting forward and here's more information about a subject we've been talking.
Take a peek:
Show-Me Institute: Bombshell: The GO Bonds Will Last Until 2055
Deets:
"The city is suggesting not a single 20-year bond for $800, but a series of twenty 20-year bonds for $40 million each, with the last one being issued in 2036 and paid off over the subsequent 20 years. The first bond would be issued in FY 2017 and the last one in FY2036. Property owners would not finish paying off the final bond until FY 2055."
You decide . . .
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