.....Advertisement.....
.....Advertisement.....

There is no hurry for bond

-A A +A
By Richard Hannemann

Dear Editor,

I think we should wait on the school bond for a bit.  Not like the high school or Aspen are going to cave in this year.

 The short-term business cycle is about 18 months.  Means that the economy should finally bottom out end of ’09.  With falling property values, a credit market in meltdown, falling gas and oil revenues to the state which translates as lost revenues for state school funding, probably right now is not the best time to be voting tax increases, bond debt and ambitious capital expenditure programs.  And no telling what the Congress will do regarding Lab funding.

 By the end of this year, I think we’ll have a better picture on where the national, state and local economies are moving, at which time school bonds and spending programs will make more sense.

 We have already seen, far too often in the past year, what happens when programs and expenditures get pushed forward too fast and too hard, in a need for speed that has no objective foundation. The county has way too much on its plate and will have to scale back.  We are already carrying $75 million+ in debt. If the schools go forward and then get in a bind, neither state nor county will be in a position to bail them out.


If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
info
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

New Subscription/30 Day Free Trial Account

If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.

ZIP Code:



Create a limited access account.
Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.

The Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday