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That is a mismanagement problem there. Why would new permanent income flows not get allocated to support the new flows? Municipal bonds backed by future prope
by mahyarm 10y ago
That is a mismanagement problem there. Why would new permanent income flows not get allocated to support the new flows?
Municipal bonds backed by future property tax flows in the one of the wealthiest cities in the USA is pretty secure, so you wouldn't have to save for a few years.
- drwl 10y agoEven if you diagnose the problem it doesn't help with the symptoms. Infrastructure (i.e. transit, public institutions, etc) will not be able to support it in the short-term.