11-27-2017, 09:25 AM
I see this argument a lot- "we are taking advantage of today's low rates." But the rates will go up. Some debt will have terms of thirty or forty years, but not all of it. And I wonder whether the financing is being spent wisely when so much of the argument is about current rates?
A lot of people don't have a good sense I think about the shape of their municipality's finances. I spoke a while back with an acquaintance of mine who is in a line of work where she ought to know about these things; we were talking about Waterloo/Kitchener amalgamation, and she said that Waterlooers did not "want to take on all of Kitchener's debt."
She was under the impression that Kitchener has vastly more debt than Waterloo. On a per capita basis, it's less. And, here we go, it's actually being paid off. That's not so usual around here.
A lot of people don't have a good sense I think about the shape of their municipality's finances. I spoke a while back with an acquaintance of mine who is in a line of work where she ought to know about these things; we were talking about Waterloo/Kitchener amalgamation, and she said that Waterlooers did not "want to take on all of Kitchener's debt."
She was under the impression that Kitchener has vastly more debt than Waterloo. On a per capita basis, it's less. And, here we go, it's actually being paid off. That's not so usual around here.