[Davisgig] Metric for Repayment

Shneor Sherman szsherm at yahoo.com
Sun Jan 11 11:51:51 PST 2015


There are roughly 20,000 households in Davis. If bond repayment was $100 a year for 30 years per household to repay issuing 30-year tax-free bonds, the total bond repayment would be $60 million. The actual project funds would only be at the very most (at the lowest interest rate) $24 million. So how many miles of fiber installation would that pay for?

Please check out the history of local parcel tax votes at the Yolo Elections web site. Since these bonds would be issued for a specific project, I believe they would require a 2/3 vote. Alternative funding methods are likely to be even more difficult with the possible exception of grants.  

Shneor Sherman



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