Is there anyone out there who doesn’t plan to offer hundreds of millions of dollars of public debt as the solution to — fill in the blank…parks, roads, libraries, crime, affordable housing… — please raise your hand.
The city of Charlotte hopped in what is turning out to be a $1 billion debt party with a $227m. bid last nite. More on the specifics later, but is there anyone who doubts this kind of the debt will guarantee future local property tax hikes?
