Thanks for the article. Highlights a big question - why are bond measures the only way to finance community college infrastructure ? Are bonds an obsolete funding mechanism for education? Presuming the purpose of the proposed construction is to equip people with skills that employers value, why aren’t employers being asked to pay those costs?
Community college bonds are a great investment vehicle — nontaxable and a very low risk of default — even if they are not a great choice for public financing. And they are a good choice for a building project that needs to raise significant money up front — but these are rolling projects that will be sequenced. If the primary goal is to raise $10 or $15 million to get construction of the Willits Center and federal and state reimbursements flowing, that could be done through a special assessment or a less expensive financial vehicle. There's lots for the public to discuss.
sounds wonderful on the flyers...until already strapped property owners see their mortgage payments skyrocket with new taxes as well as the insurance industry assaults...too good to be true, folks...unfortunately.
Thanks for the article. Highlights a big question - why are bond measures the only way to finance community college infrastructure ? Are bonds an obsolete funding mechanism for education? Presuming the purpose of the proposed construction is to equip people with skills that employers value, why aren’t employers being asked to pay those costs?
Community college bonds are a great investment vehicle — nontaxable and a very low risk of default — even if they are not a great choice for public financing. And they are a good choice for a building project that needs to raise significant money up front — but these are rolling projects that will be sequenced. If the primary goal is to raise $10 or $15 million to get construction of the Willits Center and federal and state reimbursements flowing, that could be done through a special assessment or a less expensive financial vehicle. There's lots for the public to discuss.
This is in an entirely different light than the flyers being distributed.
They should have focused on what was planned for each campus. Emphases on the jobs being trained for.
Wish them luck going it back on track. Your writing will help. Thank You.
Glad to see you write it up!! Somebody did do it! I like the plan although I wish more was in Fort Bragg. I voted for it although it will cost me.
sounds wonderful on the flyers...until already strapped property owners see their mortgage payments skyrocket with new taxes as well as the insurance industry assaults...too good to be true, folks...unfortunately.