The council should act soon, while the city’s debt is low and project costs are lower. A $20 million bond is OK; it would fund some projects without raising the tax rate. The city should fund projects by other means than general obligation bonds. Anything that raises the tax rate, even over a period of years, should be discouraged. It’s a complicated issue; it’s hard to say what the City Council should do.

Source: Los Angeles Times January 09, 2023 07:00 UTC