tag:blogger.com,1999:blog-2395310382514169324.post2247521685195416185..comments2023-07-10T08:28:51.479-04:00Comments on Lebo Citizens: Mt. Lebanon School District not saving with bond refinancingUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2395310382514169324.post-6150010712916220382015-10-08T19:24:16.545-04:002015-10-08T19:24:16.545-04:00They aim to meet their short-term goals and forget...They aim to meet their short-term goals and forget about the long-term outcome for the community. Their values are harmful.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2395310382514169324.post-78635141824587469162015-10-08T12:30:13.380-04:002015-10-08T12:30:13.380-04:00The Newcomers Tax is/was part of the pyramid schem...The Newcomers Tax is/was part of the pyramid scheme.Anonymoushttps://www.blogger.com/profile/14014273003176621576noreply@blogger.comtag:blogger.com,1999:blog-2395310382514169324.post-84198607002155172102015-10-08T11:06:36.308-04:002015-10-08T11:06:36.308-04:00If you think this is funny, think again:
1) This i...If you think this is funny, think again:<br />1) This is the same government body that won't reveal how much money a donor gave for naming rights<br />2) The District says it knows better how to teach the children about math and money.<br />"We are the math experts" -Dr. SteinhauerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2395310382514169324.post-49948171689002044362015-10-08T09:19:30.781-04:002015-10-08T09:19:30.781-04:00"As to the additional $3.9 million under cons...<i>"As to the additional $3.9 million under consideration, the district’s financial advisor has described the scenario as refinancing a home and taking equity out at closing (cash)."</i><br /><br />Yeah, right! A is A, and debt is debt. The financial advisor (or adviser) failed to stress the fact that "taking equity out at closing" is just another way of saying that one has assumed more debt! Who seriously believes that his house pays him back on a refinance?! (The same thing holds true with a "reverse mortgage.")<br /><br />What is galling is that our esteemed District leaders seem to think that by kicking the debt down the road, making the total payback not only bigger but placing it on the backs of future residents, they have done a good deed. Of course, no good deed goes unpunished. The irony is that when this house of cards collapses most of these people will be either long gone or dead, and will thus escape the repercussions of it.Richard Gideonnoreply@blogger.com