Get facts on Selah bonds To the editor -- I'm fortunate to be the parent of a student at Lince Elementary in Selah. I'm also a fiscal conservative and don't vote for anything that will raise or create new taxes that isn't necessary. The Selah school bonds are necessary. In fact, the first time I entered a Selah School District facility I thought, "Well, they're not wasting money on fancy buildings.
Montgomery County supervisors on Monday night approved two bond issues totaling $115 million to help pay for construction or renovation of three schools, county spokeswoman Ruth Richey said. The 4-2 vote came about a year and a half after the collapse of the gymnasium roof at Blacksburg High School, an event that forced the closing of the school, the ongoing busing of Blacksburg students to a school in Christiansburg and an acceleration of the county's plans to build new facilities.
In addition to a people's veto that will appear as Question 1 on the June 8 ballot, Maine voters will consider four bond issues. They will appear as Questions 2-5. Question 2: "Do you favor a $26,500,000 bond issue that will create jobs through investment in an off-shore wind energy demonstration site and related manufacturing to advance Maine's energy independence from imported foreign oil, that will leverage $24,500,000 in federal and other funds and for energy improvements at campuses of the University of Maine System, Maine Community College System and Maine Maritime Academy in order to make facilities more efficient and less costly to operate?
Two Jefferson County school districts will ask voters on Nov. 3 to approve the no-tax increase bond issues necessary for them to participate in a bond program funded by the federal stimulus package. The Qualified School Construction Bond program allows school districts to issue general obligation bonds at zero or low interest rates. Rather than receiving semiannual interest payments from the district, the investors would receive a tax credit from the U.S. Treasury toward their federal income taxes.
An artist conception of the proposed new high school for Columbia Public Schools. Construction of the $75 million high school is being funded by bond issues. WHAT IT WILL PAY FOR:
This editorial appears in the April 5, 2011, Yakima Herald- Republic. School bond measures that won a majority but fell shy of a 60 percent supermajority in February have returned to the April 26 ballot in Selah and Prosser, with Prosser's being slightly downsized. Similar themes with varying details run through these proposals. In both cases, the districts want to replace aging buildings that have outlived their usefulness.
We present new evidence from a natural experiment to show circumstances in which ownership restrictions can enhance value. Our evidence is based on multiple restricted bond issues by an emerging market issuer at 150 basis points lower than comparable bonds, resulting in a billion dollars saving. This is intriguing: how can an emerging market issuer with junk bond ratings obtain such low yields? We argue ownership restrictions enhance value since they enable an issuer to precommit to renegotiate efficiently with a favored clientele in the potential default states, thereby circumventing deadweight costs of prolonged negotiations, particularly when the restricted clientele also values the underlying collateral higher than other investors. Ownership restrictions can also result in a transfe...
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