Recently, the Federal Reserve Bank of Philadelphia published a discussion paper on the pandemic’s potential long-term financial effects on higher education institutions. Its prediction aren’t…
Posts tagged as “WCC revenue backed debt”
In case anyone is unclear about the danger of revenue backed debt to taxpayer funded entities, consider the Rose Bowl. At a special Pasadena City…
I have mentioned this before, but a quick trip through the news reminds me of the disadvantages of revenue-backed bonds. In the last week, Santa…
For Trustees who think that institutional debt is a good solution for paying for construction, it’s not. Institutional debt drives the students’ cost of attendance.…
I recently reviewed something I wrote regarding revenue-backed debt and financing for the proposed “Advanced Transportation Center.” Revenue-backed bonds pose a higher risk of default.…
The March 10 WCC millage renewal request represents an increasingly rare opportunity for voters to weigh in on the administration of Washtenaw Community College. Voters…
In the past few months, I’ve written extensively about revenue-backed loans that WCC has been using to finance buildings on campus. The Health and Fitness…
One of the central issues of this millage for me is the way Trustees fund WCC construction. According to WCC’s CFO Bill Johnson, the College…
If you’re a voter in Washtenaw County, you have to ask yourself a very important question. Why is the WCC Board of Trustees going around…
Washtenaw Community College is asking for a millage renewal on March 10, 2020. The WCC millage request represents about $17.5M in “operating funds” each year.…