A long-term revenue source is needed to secure the long-term financing that helps make the annual payments affordable, much like a home mortgage. The financial plan amortizes the sales tax related bonds out until 2084, which is the length of time required to affordably secure long-term sales tax-backed bonds. The financial plan also envisions a scenario in which continued historical generation of sales tax revenues could allow the early repayment of those bonds.
- Post published:August 16, 2016
- Post category:Sales Tax