Calhoun on debt
question:
In the last 10 years the county has borrowed hundreds of millions of dollars to fund its pension system and build the juvenile justice campus. Do you think the county has too much debt?answer:
Debt is acceptable and necessary as long as it can be handled in the worst of economic times. The County’s debt is probably at an acceptable level, but additional debt should not incurred until the budget is stable, a reserve has been created, budget transparency exists, an elected County Executive is in place, and other governance reforms have been enacted.
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