To the Editor:
According to the Villages-News.com, Sumter County administrator Bradley Arnold has said, in effect, we must burden current taxpayers for the infrastructure improvements necessitated by the growth below SR 44, as the tax revenues from these additional homes will not come in until a future time.
My question is, why can’t the county issue bonds at today’s very low interest rates to fund this infrastructure investment, and then pay off the bonds when the future revenue develops?
Although debt must be taken on responsibly, using debt to match revenues with expenditures is a classic accounting strategy which if done correctly, would not unduly burden current taxpayers with investments made that primarily benefit future homeowners.
So, unless things work differently in Sumter County than other counties I have resided in, there really are financial strategies that can be deployed so as to not place the burden of future growth predominantly on current taxpayers.
Curt Bogle
Village of Osceola Hills
