debt-free folly

At this week’s Finance Committee meeting, members were scratching at a couple thousand here and there in the budget, not actually eliminating much, mostly just shuffling things between years.

One big pressure is the ongoing dramatic inflation in the construction industry. The funding required for planned infrastructure projects (road, sewer, and facility maintenance) continues to rise quickly. So I couldn’t help but wonder, how many hundreds of thousands would we have saved if we had borrowed for our Five Year Financial Plan (FYFP) capital projects when i first suggested it?

<<the remainder of this post was lost and could not be recovered after the webhost server crashed August 26, 2008>>

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