School Board: Budget Gimmicks, Leases W/ “Escape Clauses”…Long Term Debt Made Easy! Is This The Way You Want Your Tax $$$$’s Managed?
Incurring long term debt should be hard…not easy! The State Legislature in fact has in fact enacted a law making it hard, RSA 33:8 Municipal Finance Act: It states, among other things, Multi-year lease-purchase agreements for equipment are regarded as long-term debt (like a bond, they require a stream of payments to pay principal and … Continue reading School Board: Budget Gimmicks, Leases W/ “Escape Clauses”…Long Term Debt Made Easy! Is This The Way You Want Your Tax $$$$’s Managed?