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.