The unofficial online home for fans of the UAB Blazers. Part of Collegiate Sports Nation (CSN).

(03-20-2017 01:28 PM)BAMANBLAZERFAN Wrote:  

(03-19-2017 09:36 PM)mixduptransistor Wrote:  

(03-17-2017 05:08 PM)BAMANBLAZERFAN Wrote:  

(03-17-2017 02:56 PM)hooverblazer Wrote:  Yes, they need to do a refinance as fast as possible. The fed is expected to raise interest rates two more times this year.

Does that mean the dozen school districts of Jeffco will be less harmed by this derailment / diversion of their tax funds income?

The schools already got their money when the bonds were sold in the first place. This isn't diverting a penny from schools.

My understanding is that there was an original intention of providing a continuing tax revenue income to renovate or replace the older public schools in all Jeffco school districts rather than only a one shot funding deal.

They sold bonds against the tax, it wasn't a continuous income stream to the school systems. Now, maybe they have been promised additional bonds when the current ones pay off? I don't know, but the money they were originally promised was given to them, and the refinancing is simply saving money on interest, and using those savings on things like the BJCC, etc.

Now, you can argue whether or not that money would be better spent on schools, but that's beyond the scope of this thread or my post. In the end, no money has been "taken away" from any of the county school systems. They've gotten every penny they were promised.