The Montgomery County Council voted unanimously Tuesday for guidelines that cut bond issuances by $40 million incrementally over a period of four years.
The move by the council is a step toward limiting growing debt-service payments the county is paying on the current $3.5 billion in bonds that fund capital projects such as school construction and new government buildings in the county.
The county pays about $394 million in debt service each year, which is more than the county pays for all but two departments using the county’s $5.4 billion annual operating budget...
Hence the expression "It fell on deaf ears."
ReplyDeleteThis is ANOTHER epic fail by Dr. Zuckerman. He is the deputy who oversees school construction!!!!!!! I hope he had a really good excuse for this error.
ReplyDelete