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DSILVA for SUPERVISOR |
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| RICHMOND DISTRICT DISTRICT 1 |
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BONDS - OR - TAXES |
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AS A GENERAL RULE I DO NOT SUPPORT BONDS. BONDS ARE LIKE A CREDIT CARD. YOU PAY LESS NOW BUT YOU PAY FOR A LONGER TIME AND YOU ALSO HAVE TO PAY INTEREST ON THE MONEY. IF WE NEED TO PAY FOR SOMETHING THAT WE ALL AGREE WE REALLY NEED, WE SHOULD FIGURE OUT HOW MUCH IT COSTS AND AGREE TO INCREASE OUR TAXES TO COVER THE COST. USING BONDS TO PAY THESE BILLS CREATES A MORE RESTRICTIVE BUDGET THE FOLLOWING YEAR, SINCE THE MORE WE BORROW THE GREATER THE PERCENTAGE OF TAXES COLLECTED IN A GIVEN YEAR WILL GO TO PAY OFF THE BILL (BOND). |
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BONDS ARE ONLY A DELAYED TAX |
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AMOUNT NEEDED TO PAY BONDS |
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ISSUES |
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YEAR 2 |
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YEAR 1 |
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THE MORE THE CITY BORROWS THE LESS THERE IS AVAILABLE TO DO OTHER THINGS IN LATER YEARS |
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AMOUNT NEEDED TO PAY BONDS |
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HOME |
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ALL MONEY AVAILABLE |
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ALL MONEY AVAILABLE |
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PORTION OF BUDGET RESERVED TO PAY OF BOND COST |
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