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