Even though Park Ridge and its park district felt less financial pain, the delays caused them to lose out on investment income. The delays also disproportionately impacted Park Ridge’s public safety pensions. Maine Township High School Dist. 207 spokesperson Brett Clark said the district liquidated investments to cover cash flow needs.
Agree that these school districts, and other tax-collecting bodies are insufferable. All this whining about “lost interest.” You know what the other side of this coin is? The taxpayers gained the lost interest by not incurring the interest expense themselves, or having higher interest income. In any free society, that is a good thing. However the leaders of the school districts and village boards are too inwardly focused / incompetent to realize that.
Irish Patriot
4 months ago
D207 just got a $200,000,000 bond issue several years back and now they’re whining about cash flow. The losers who run that district are completely insufferable.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Agree that these school districts, and other tax-collecting bodies are insufferable. All this whining about “lost interest.” You know what the other side of this coin is? The taxpayers gained the lost interest by not incurring the interest expense themselves, or having higher interest income. In any free society, that is a good thing. However the leaders of the school districts and village boards are too inwardly focused / incompetent to realize that.
D207 just got a $200,000,000 bond issue several years back and now they’re whining about cash flow. The losers who run that district are completely insufferable.