Flaherty would borrow money to fix up schools
By adamg - Thu, 10/22/2009 - 3:31pm.
Geeky Mama reports from an education session Flaherty had in Roslindale last night - which started off with some BPS parents worrying that Flaherty's doom and gloom approach might wind up frightening away parents from the good schools the city does have. She reports Flaherty wants to ditch the current school assignment zones and said he would use the city's current good bond rating to get money for capital improvements at schools - and to build new ones.
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But i thought having a great
But i thought having a great bond rating was useless! Full disclosure i think these comment sections are foolish
it is next to useless
if you don't leverage it for capital improvements. It is a common way to use a good bond rating. Have you seen some of our schools? Mold and odor issues? Classrooms in disrepair.
What comment sections do you find foolish?
Flaherty holding question and answer sessions?
or...
This website (which was set up to allow people to converse about Boston) allowing people to converse about Boston?
Nobody said it was useless
It's just that the mayor says we have a great bond rating due to his great financial management. That has very little to do with it. Unlike many other cities that have to rely on volatile revenue sources like income and excise taxes, boston gets almost 60% of revenue from property tax which is the most consistent form of tax and easy to collect from anybody that doesn't want their property taken away. Great for the city - but very tough on residents when that tax goes up 7% a year on average no matter what their income is.