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Old 08-31-2017, 05:36 PM
 
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Quote:
Originally Posted by UKyank View Post
No one would underwrite a $4 billion bond for an A1 rated city with an existing $86 million debt service & $500 million revenue stream.
sorry, but what does that mean? by that (the underlined) you mean the interest alone?
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Old 08-31-2017, 06:40 PM
 
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Quote:
Originally Posted by szug-bot View Post
sorry, but what does that mean? by that (the underlined) you mean the interest alone?
Primarily interest payments, could also include some principal if a particular bond is retired during the year.
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Old 09-01-2017, 04:44 AM
 
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Originally Posted by UKyank View Post
Primarily interest payments, could also include some principal if a particular bond is retired during the year.
then the City is financially healthy, assuming it will stay in the black for some time and hammer down the debt. si?
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Old 09-01-2017, 06:46 AM
 
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Originally Posted by szug-bot View Post
then the City is financially healthy, assuming it will stay in the black for some time and hammer down the debt. si?
If you mean because they're meeting their current debt payments? Sure; but it also represents nearly 20% of the entire budget so quintupling that debt isn't feasible.
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Old 09-01-2017, 08:35 AM
 
6,358 posts, read 5,056,374 times
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Quote:
Originally Posted by UKyank View Post
If you mean because they're meeting their current debt payments? Sure; but it also represents nearly 20% of the entire budget so quintupling that debt isn't feasible.
Egads. It's time to get someone like Bloomberg for mayor.
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