While it IS possible, but NOT probable, that City officials REALLY believe that a bank loan is best for the City (even THEY arent THAT stupid, are they?), its MUCH more likely that it suits THEIR purposes and is a convenient way to avoid letting the PEOPLE have their say. Its a devious way to get around the intent of the City Charter. Its best for THEM, not the taxpayers. We get hosed, AGAIN. Lets see the actual numbers.
Since when is a commercial loan better for the City than a bond? I would like to hear THAT reasoning.
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