VIDEO: Could a State or municiple bank save taxpayers millions?
The video presentation below offers an alternative to the manner in which public works projects are funded. Too often these projects voted on by the taxpayers cost several million additional dollars which does not benefit the residents, but only serves to line the pockets of Wall Street bankers or contributes to various forms of government waste.
Take for example the Livonia School bond issue in 2015, the city asked for $195 million for tech updates, and high school building improvements, but what was not well published for consideration was the additional $175 million in interests just to service the bond.
Could you think of similar waste in your community? Could there be a better alternative and added benefit to simply revamping how public works projects are funded?
Watch the video below for some interesting ideas.