City of Coral Gables Refinancing Not Urgent–See Economic Report

May 27, 2011 Leave a comment

It has been reported that the GDP growth report rate in the first-quarter is a miserly 1.8 percent.  There is absolutely no pressure for having higher interest rates in the foreseeable future.

Even if the city were to pay to a few thousand dollar in penalities, that does seem to justify taking on debt that hits us with $2 million annually for the next 20 years.

Does anyone look at the alternative uses of money in the city of Coral Gables?  Has anyone take a first year course in economics?  Let’s take our time and consult with the citizens about spending $22 million.

ECONOMIC REPORT

via First-quarter GDP growth remains at 1.8% Economic Report – MarketWatch.

Filed under Coral Gables, Economy, Finance

Unknown's avatarAbout Stephen E. McGaughey
Resident of the City of Coral Gables; Formerly with Inter-American Development Bank, Senior Environmental Project and Policy Leaders, Agricultural Economics, Forest Sector Projects and Policies, Country Representative Financing in El Salvador and the Dominican Republic

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