Tuesday, May 29, 2012

Stadium fund woes continue -- problems soon to be taxpayers'

It is taking more than a decade for the impact to hit Hamilton County taxpayers, but the obscene over-spending on Hamilton County's stadiums, and other non-stadium projects, is being fully realized.

The Enquirer reports here:
Financial rating company Moody’s has downgraded Hamilton County’s sales tax revenue bonds, meaning when the county goes to refinance the bonds that were used to built and maintain the county’s two professional sports stadiums in 2016 it will cost more to borrow money.

The bond rating slipped from A1 to A2, a step-down from its already middling rating.
So, for those who live, work and play in Hamilton County, get ready to pay the price for your elected leaders' iniquity.

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