I’ll Borrow, I’ll Borrow I’ll Mortgage Tomorrow!
My friend Rishawn Biddle over at Expresso is reporting Mayor Bart Peterson wants to borrow more than $450 million to pay of the city’s outstanding pre -1977 police pension obligation. The loan would stretch out over 25 years and cost the taxpayers more than a billion dollars, with interest included. The revenue would come from taxes that were raised as a result of Hometown Matters.
