14 Arguments on this page are the opinions of the authors and have not been checked for accuracy by any official agency. Now, with state revenues at an all-time high, they want to go into debt and spend your grandchildren's money on libraries.
Bonds are the most expensive way to build or renovate libraries.
The interest and fees paid to bankers, lawyers and bureaucrats will nearly double the cost of these libraries. In other words, we can afford to build twice as many libraries by spending the tax money that the state has already collected. In desperate economic times, it might be necessary to borrow money for an important state project. But there is no excuse for borrowing money in good times. Taxpayers will be stuck paying for these bonds, and the interest on them, for three decades, even if the economy collapses.