An 'opportunity cost' always exists, including, in the unusual case of surplus revenue, tax reduction. Earlier this month, Leef issued a research paper stating that, if passed, the bond proposal would cause some counties to raise taxes to pay for their portion of the construction that the bonds would initiate. Part of the law authorizing the bonds requires counties to provide matching funds for construction of new community college facilities. All argued that bonds will not raise taxes and could, in fact, save taxpayers' dollars.
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