Trump and the Clinton sleaze has taken over our election interest but we also have an important election in Lake Worth on the $40 million general obligation bond. This bond will cost every single property owner over 30 years with a total bond cost of $69 million, so says our Finance Director, Marie Elianor.
Trump talks about jobs leaving the country. But what about businesses not being able to afford to even locate here if a bond is passed? If you're a commercial property owner in Lake Worth, forget it. All fees for the cost of doing business are up and the cost of a bond will cost you a lot. And if you're only renting your commercial space, look for rental rates to rise.
Many people are under the false impression that all the roads will be repaired. Here is a little bit of trivia on the roads:
- We have 119 miles of roads.
- Out of that, 34.47 miles will be addressed under the bond.
- The bond money would be dealing with the worst roads in the city.
- The percentage calculates to 29.72% of our total roads that will be repaired.