Two different style large capital funding procedures were - TopicsExpress



          

Two different style large capital funding procedures were advocated by various Mayors and their Councils. Former Mayor Ross Archer preferred to piggy bank money and save for a large ticket item, try to avoid financing costs should the City borrow the capital project costs. Mayor Laking was thrifty as well but was prone to use debenture financing for large capital expenditures, her rationale was- if the large ticket item was going to benefit the present and future population they could pay the principal and interest over a long period through debenture financing. Debenture financing is somewhat similar to a mortgage.. To be fair to todays Councils projects are so expensive they almost always need to be financed.
Posted on: Tue, 23 Sep 2014 00:17:09 +0000

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