Want to create an interactive transcript for this episode?
Podcast: Cascade CounterPoint
Episode: Your local government: Deep in debt and getting deeper
Description: Hardly a week goes by that Metro isn’t reaching into your pocketbook or getting deeper in debt. This week, Metro will move forward on issuing $28 million in bonds.
Why does Metro need to borrow $28 million? There are two reasons.
First, Metro needs the money because that’s how much it’s going to cost to set up its new system to collect TWO new income taxes that go into effect in the New Year. We warned you it would be expensive to implement two new taxes on short order. But, even we had no idea i...