[TriLUG] OT: URGENT: H.129 to be heard in Thursday's Finance Committee!

[David Hostetler]

"Dave, these municipal projects are paid for through revenue bonds. The
returns to the bond investors come from the revenue the project generates,
not from taxes.
You won't be paying for Bob's Internet access. The people who use the system
pay for it."

If that is wholly 100% true, then my issue with it goes down a little, but
are we saying that the venture is profitable straight out of the gate?
Who's infrastructure are they using?  Who are they paying to create the
infrastructure?  What about customer support?  What about administration?
Are all of these things paid through bonds?  If so how long before a full
ROI?  What if not enough people buy bonds to support the required revenue?
These are all things that normal businesses have to address, but the scary
part about a government based 'company' is that there are always other pools
of money to pull from and it seems to be habit forming.

----
Dave Hostetler
M: 919.333.0591
hostetler.david at gmail.com


On Tue, Mar 15, 2011 at 3:57 PM, Mark Turner <jmarkturner at gmail.com> wrote:

> On 03/15/2011 03:06 PM, David Hostetler wrote:
>
>  Going back to your government has all the answers idea, I personally don't
>> want to pay for Bob down the street who can't keep a job for more than a
>> week to have internet access.
>>
>
> Dave, these municipal projects are paid for through revenue bonds. The
> returns to the bond investors come from the revenue the project generates,
> not from taxes.
>
> You won't be paying for Bob's Internet access. The people who use the
> system pay for it.
>
> Cheers,
> Mark
> --
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