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Take care with bond issue items

Published Wednesday, July 8, 2009

As the City of Selma considers another bond issue, the proponents of the issue need to remember past failures and learn from those opportunities.

Today, the Selma City Council will meet in a work session to take a look at the proposed list of items, which are also listed on page A2 of this edition of The Selma Times-Journal. Everybody needs to be on the same page.

It appears, from the remarks made by Mayor George Evans and City Council President Dr. Geraldine Allen, city officials are serious about reaching for items needed and not those that would seem ancillary, such as movie theaters.

Mayor Evans has indicated that he would propose a bond issue ballot to include all the items or none of them.

This approach to the last bond issue in 2008 proved a major reason for its failure.

Evans said a series of meetings and listening to voters’ concerns could reduce the chances of percieved frivolous items making it to the ballot. He also seems to believe the public would vote an omnibus bond issue up or down, if the public was well enough educated.

Perhaps. But we’re not totally convinced the public will attend enough of these meetings to really educated themselves.

This goals and aims of this bond issue must be crystal clear and must be communicated as such to the public or the city risks another failure.


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Comments

Posted by leo71 (anonymous) on July 9, 2009 at 7:35 a.m. (Suggest removal)

I don't think many will attend these information sessions either.Many of us--however--read the paper.The journal should examine each of the items put forth in this issue,to give voters an additional tool in gauging which ones are truly frivolous and which are beneficial to the city and worth borrowing money for.

Posted by bama (anonymous) on July 9, 2009 at 9:17 a.m. (Suggest removal)

Bond issues are just loans to the city. My question is with the city's declining revenue, how will it make payments on additional debt?

Posted by eyeonyou (anonymous) on July 9, 2009 at 9:47 a.m. (Suggest removal)

I guess the same way they will fund a $30 million dollar school??!? Who knows?? Most of the people that aren't even reading these line items can't seem to understand that this money isn't FREE. And you wonder why this country is bankrupt.

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