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Metropolitan DC Local Politics
Reply to "Why does Montgomery County government still maintain a monopoly on alcohol distribution?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Revenue can be replaced and they had a massive windfall this year because they got voters to revoke the property tax cap. The real reason is that they prefer MCGEO to whatever union would represent private sector warehouse workers and drivers. [/quote] I understand the problem in your lack of understanding is because you don’t understand how bonds work.[/quote] They can retire that debt, refinance it, or a combination. [/quote] That’s not how secured bonds work. Privatizing ABS would result in a condition of default which would lead to an obligation to immediately repay bond holders. The default would then affect the county’s credit rating. Please learn something before sharing bad ideas. Thanks. [/quote] Yes, which is why you need to retire those bonds first. Whose immoral idea was it to try to tie future council’s hands on a controversial policy issue through debit issuance?[/quote]
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