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Why SMART Needs to Extend Measure Q's Expiration Date
Author: Ronny
Date: 07-12-2019 - 13:34

Under Measure Q, the sales tax passed in 2008 expires March 31, 2029.

So, if they refi the bond now without extending the tax expiration date,
there would likely be little savings, if any.

In fact, it could lead to more debt service payments because the current
bond is back ended with built in rising debt service payments. Also,
muni rates aren't sufficiently different (they may be lower but not by much)
to pay the fees associated with the refi.

So, they have to get 2/3 voter approval to extend the expiration date of the tax
in order to make the refi financially beneficial.

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Subject Written By Date/Time (PST)
  SMART Can Not Fund Extensions North of Windsor Robby 07-12-2019 - 07:57
  Re: SMART Can Not Fund Extensions North of Windsor WebOberserver 07-12-2019 - 10:27
  Re: SMART Can Not Fund Extensions North of Windsor synonymouse 07-12-2019 - 10:43
  SMART to Ukiah Bob the Train Guy 07-12-2019 - 10:53
  Re: SMART to Ukiah KI6WDX 07-12-2019 - 11:59
  Re: SMART to Ukiah FUD 07-12-2019 - 12:39
  Why SMART Needs to Extend Measure Q's Expiration Date Ronny 07-12-2019 - 13:34
  Re: Why SMART Needs to Extend Measure Q's Expiration Date synonymouse 07-12-2019 - 13:41
  SMART Train to Ukiah and beyond Del Monte Burns 07-12-2019 - 15:59
  Re: SMART Train to Ukiah and beyond synonymouse 07-12-2019 - 16:18
  Re: SMART Train ... River Rock Casino FUD 07-12-2019 - 20:28
  Re: SMART Train ... River Rock Casino synonymouse 07-12-2019 - 20:56
  Re: SMART Train to Ukiah and beyond Dunsmuir Lover 07-12-2019 - 17:55
  Re: SMART Can Not Fund Extensions North of Windsor hmarkwart 07-12-2019 - 15:24


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