Wonk Heaven: Discussion on BOCC to Max Debt Capacity with County Campus
Sunday, October 15th, 2006Yes, local forum SqueezeThePulp often loses its value when “noise drowns signal” and discussions devolve into vitriolic snarkiness (of which, I admit, I have cast a stone or two).
Sometimes, though, there’s a hopeful sign that this “alternative to OrangePolitics” online community is growing in maturity and utility.
A case in point, a Mark Peter’s spawned thread on the recent Board of Commissioner decisions potentially harming our county’s debt rating. The thread, BOCC to Max Debt Capacity with County Campus, draws contributions from former OWASA board member TerriB and apophthegmatic Brian D. Voyce on governmental debt service, debt ceiling and debt oversight.
I believe most residents of Chapel Hill haven’t internalized the consequences of our current long-term financial obligations, the impact of a reduced bond rating and the imprudence of further acquisition of unnecessary debt.
Simply, bonds aren’t “free money” and we’re going to have “to pay the piper” sooner (and greater) than most folks understand.
BTW, TerriB has an interesting rant on public meetings that’s worth a quick check.
