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Re: I used to be disgusted, and now I try to be amused.
Quote:
Originally Posted by taxwonk
I spent years doing financing deals, where the local governmental or state agency would float a bond issue, to be repaid through in creased tax revenues. In almost no case did the "increased tax revenues appear to cover the opportunity cost and the local subsidy afforded by tax-free financing.
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Similarly, nowhere in any of my text that you cited did "increased tax revenues" appear.
These projects provide so much savings when done right they're easily afforded using a projection of zero increases in available tax dollars for a decade.
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