{"id":958,"date":"2013-06-21T19:25:11","date_gmt":"2013-06-21T19:25:11","guid":{"rendered":"http:\/\/www.yuriar.com\/conservakat\/?p=958"},"modified":"2013-06-21T19:25:11","modified_gmt":"2013-06-21T19:25:11","slug":"city-to-add-57-million-dollars-in-new-debt","status":"publish","type":"post","link":"http:\/\/yuriar.com\/conservakat\/city-to-add-57-million-dollars-in-new-debt\/","title":{"rendered":"City to add $57 Million Dollars in NEW debt"},"content":{"rendered":"<p><a href=\"http:\/\/www.yuriar.com\/conservakat\/wp-content\/uploads\/sites\/3\/2014\/02\/Money-01.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-904 alignright\" alt=\"Money-01\" src=\"http:\/\/www.yuriar.com\/conservakat\/wp-content\/uploads\/sites\/3\/2014\/02\/Money-01-300x186.jpg\" width=\"300\" height=\"186\" \/><\/a><\/p>\n<blockquote><p>The City Council on Wednesday gave preliminary authorization to $57 million in new debt and set a public hearing for July 17 to get input on the bond sales.<\/p><\/blockquote>\n<p>The money will finance a variety of upcoming capital projects, including utility improvements and another round of funding for Pioneer Elementary School, currently under construction off Holland Road. (via <a href=\"http:\/\/www.suffolknewsherald.com\/2013\/06\/19\/city-considers-57m-in-new-debt\/\" target=\"_blank\" rel=\"noopener\">Suffolk News Herald<\/a>)<\/p>\n<p>My question is: Does this mean that City Council authorized spending on these projects without having the money? It appears so, I haven&#8217;t been able to get a straight answer on that question yet.<\/p>\n<p>I did contact the budget office to get more information, and was told that the issuance of bonds is something they do every year, and it&#8217;s like getting a loan for a mortgage. Thing is, most people aren&#8217;t refinancing their home every year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The City Council on Wednesday gave preliminary authorization to $57 million in new debt and set a public hearing for July 17 to get input on the bond sales. The &#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","filesize_raw":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_links_to":"","_links_to_target":""},"categories":[45,46,47,43],"tags":[],"class_list":["post-958","post","type-post","status-publish","format-standard","hentry","category-budget-suffolk-virginia","category-cip","category-city-council","category-suffolk-virginia"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/yuriar.com\/conservakat\/wp-json\/wp\/v2\/posts\/958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/yuriar.com\/conservakat\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/yuriar.com\/conservakat\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/yuriar.com\/conservakat\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/yuriar.com\/conservakat\/wp-json\/wp\/v2\/comments?post=958"}],"version-history":[{"count":0,"href":"http:\/\/yuriar.com\/conservakat\/wp-json\/wp\/v2\/posts\/958\/revisions"}],"wp:attachment":[{"href":"http:\/\/yuriar.com\/conservakat\/wp-json\/wp\/v2\/media?parent=958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/yuriar.com\/conservakat\/wp-json\/wp\/v2\/categories?post=958"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/yuriar.com\/conservakat\/wp-json\/wp\/v2\/tags?post=958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}