I live in a small rural village with roughly 550 residents in the village proper. I am wondering how the $2 million in bonds may impact my taxes.
2007-09-05 11:57:01 · 3 answers · asked by Toby1 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
It depends if the village you live in has the cash flow to cover the interest costs of the new bonds. If not, then your taxes would go up to cover the interest.
2007-09-08 08:15:36 · answer #1 · answered by CanadianBlondie 5 · 0⤊ 0⤋
You and the other taxpayers will be paying off the bonds with interest. I hope you got something you could use like a sewer system not something like we get here where they take our money to build ball parks for owners of teams.
2007-09-05 19:05:40 · answer #2 · answered by shipwreck 7 · 0⤊ 0⤋
The bonds will have to be paid off, so your taxes will likely have to rise to cover the bonds.
2007-09-05 20:03:07 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋