American Planning And Civic Annual volume 18
American Planning And Civic Annual volume 18
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In our eReader you can find the full English version of the book. Read American Planning And Civic Annual volume 18 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book American Planning And Civic Annual volume 18
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To quickly assess the difficulty of the text, read a short excerpt:
These bonds carry an interest rate of 4J4 percent, and considering a municipal debt of fifty million dollars, for easier computation, interest charges therefore amount to $2, 125, 000 yearly.
We propose to finance the cost of the Master Plan by re-issuing approximately four million dollars worth of bonds per year for the next 25 years, and, we have been assured by competent financial authorities that the issuance of these bonds for the program as outlined in the Master Plan can be financed at a...n interest rate of 2 percent or less. Therefore, the saving in interest charges on the first year's issue will amount to $90, 000, with the amount increasing yearly until the annual saving on interest charges alone will approximate $1, 000, 000, which will naturally be reflected in a lower tax rate. In other words, Gentlemen, as we pay off four million dollars worth of bonds on our present debt, carrying an interest rate of 4^4 percent, we will re-issue four million dollars of new bonds with an interest rate of 2 percent or less and the issuance of these bonds will furnish the money to improve the City and make it more attractive for industrial, commercial, and residential pur- poses, and thereby increase our tax ratables which, of course, will result in a further reduction in the tax rate.
What to read after American Planning And Civic Annual volume 18?
You can find similar books in the "Read Also" column, or choose other free books by American Civic Association to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
These bonds carry an interest rate of 4J4 percent, and considering a municipal debt of fifty million dollars, for easier computation, interest charges therefore amount to $2, 125, 000 yearly.
We propose to finance the cost of the Master Plan by re-issuing approximately four million dollars worth of bonds per year for the next 25 years, and, we have been assured by competent financial authorities that the issuance of these bonds for the program as outlined in the Master Plan can be financed at a...n interest rate of 2 percent or less. Therefore, the saving in interest charges on the first year's issue will amount to $90, 000, with the amount increasing yearly until the annual saving on interest charges alone will approximate $1, 000, 000, which will naturally be reflected in a lower tax rate. In other words, Gentlemen, as we pay off four million dollars worth of bonds on our present debt, carrying an interest rate of 4^4 percent, we will re-issue four million dollars of new bonds with an interest rate of 2 percent or less and the issuance of these bonds will furnish the money to improve the City and make it more attractive for industrial, commercial, and residential pur- poses, and thereby increase our tax ratables which, of course, will result in a further reduction in the tax rate.
What to read after American Planning And Civic Annual volume 18?
You can find similar books in the "Read Also" column, or choose other free books by American Civic Association to read onlineMoreLess
Read book American Planning And Civic Annual volume 18 for free
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