Concerned about levy for Federal Way High School | Letters


July 3, 2012 · Updated 5:06 PM 

I am very concerned about the proposed levy to rebuild Federal Way High School.

Why is a levy being proposed? Long-term bonds of 30 years for such a capital improvement would be much more appropriate especially given the current low interest rates.

The rebuilt school should have a life of 30 years or more and 30-year bonds would spread the cost over the life of the facility, thus reducing the annual cost to the taxpayers. I and other voters would be much more inclined to vote for long-term bonds than the shorter term levy you are proposing.

Jack Herold, Federal Way

 

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