Comments on: Bonds? You don’t have to pay those things off do you?

By: D.J. McGuire

D.J. McGuire — Fri, 25 Apr 2008 00:51:14 +0000

Don’t worry about Larry, Tim. He is merely on the idiots who surround you.

By: Timothy Watson

Timothy Watson — Fri, 25 Apr 2008 00:20:05 +0000

I’m not sure what bill this was, that included the bonds but here’s the closest I can find:
http://leg1.state.va.us/cgi-bin/legp504.exe?081+sum+SB795

The fiscal impact statement has a breakdown per year for the debt service:
http://leg1.state.va.us/cgi-bin/legp504.exe?081+oth+SB795FS1122+PDF

It also kinda hard to calculate exactly how many people are paying taxes, given that through about 18 years of age teenagers aren’t really paying that many taxes:
http://www.coopercenter.org/demographics/sitefiles/documents/excel/popestimatesagesexrace/2006agesex.xls

By: Larry Gross

Larry Gross — Thu, 24 Apr 2008 14:53:25 +0000

I can’t fault the intended use of the money – essentially for the most vulnerable and defenseless of society….

but all things DO cost money..and one way to better shed light on this .. and other bond issuences – both State and local is to do the numbers.

Say… 1.4 billion financed at 30 years probably will result in 3 billion paid back.. now divide that into 7.5 million citizens to get each of our share.

$400 by my math… then divide that by 30… = 13 bucks and some change per year..

check my math…