Don't look a gift horse in the mouth

With regard to RWMD’s securitization of a 6.7-million-dollar loan, I think we need to take a more global perspective rather than getting hung up in the weeds over the interpretation of the now infamous Ordinance 95-1.

The district was faced with a mandated capital improvement project that it could not possibly afford nor secure a loan for under current fiscal constraints, so had we done nothing we would have been relegated to remunerate this project under the “pay as you go” mechanism.

And this would be on top of any other future unforeseen capital improvement needs.

“Pay as you go” can work p...