Federal Way schools need long-term bonds | Letters


April 26, 2012 · Updated 5:37 PM 

Not only does the public want and deserve more information before they are asked to vote on funding for a replacement high school, but Federal Way Public Schools need to look at long-term bond funding, not a short-term levy.

Funding for long-life facilities like schools are normally funded by long-term bonds of 20 years or more. Now is a particularly good time to go to the bond market, given the historic low interest rates.

The long-term bonds are a more equitable way to spread the cost to the taxpayers over the longer term while reducing the annual cost now. Reducing annual costs will make voting yes more palatable.

Who is providing FWPS capital funding advice? Why aren’t long-term bonds being proposed?

J. Herold, Federal Way

 

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