Hi everyone.
In our local community they are holding a 58 million dollar school bond referendum for building a new school and improvements to others. In our view it is well needed.
There is an ongoing battle on facebook with the opposition. A citizens group opposing the vote claim the total cost of the bond is close to 100 million dollars over the life of the twenty five year bond. Therein lies my question.
I have asked the group if the total bond cost is in todays dollar value or future value. I just get the reply "over the life of the bond". If it is expressed in future dollars (which is my assumption) then the actual cost of the bond would be considerably less. Am I seeing this right?
Thanks
In our local community they are holding a 58 million dollar school bond referendum for building a new school and improvements to others. In our view it is well needed.
There is an ongoing battle on facebook with the opposition. A citizens group opposing the vote claim the total cost of the bond is close to 100 million dollars over the life of the twenty five year bond. Therein lies my question.
I have asked the group if the total bond cost is in todays dollar value or future value. I just get the reply "over the life of the bond". If it is expressed in future dollars (which is my assumption) then the actual cost of the bond would be considerably less. Am I seeing this right?
Thanks