Skipping the potential for
thinking ugly thoughts about the ethics of this whole matter, let us just
keep to judgment. What figures were the Authority working with that made
them think there was a feasible way in which to retire the debt being
accumulated, within their own projections? And then the question of oversight,
which raises the question of how an appointed body could commit Peachtree
City to such outrageous financial obligations: the September line of credit
at Regions Bank. Is it possible, at this date, the Authority was in a
position to commit the city to such a loan (line of credit) without some
kind of approval?
Shame on Peachtree City elected
officials and appointed Authority members.
Bill Chapman
Peachtree City
Easy button Return it to long suffering taxpayers including those who have paid huge tabs to educate other people's kids…