SubscribeThe District, as with any municipal corporation, can issue tax-free bonds for internal improvements. This became a point of contention when a 1985 law limited the amount of tax-free bonds in Florida. The eligible bonds were chosen randomly, causing the District to beat out Orange County, which had planned to build low-income housing, in 1989.If this is true, it makes me want to vomit. So bonds were chosen randomly, and an entity created and entirely controlled by a for profit corporation won out over bonds needed to build subsidized housing for the poor? Where the fuck is the state government in this? I guess the Florida legislature decided that corporations that don't want to pay taxes have as much right to this fundraising power as actual municipal governments using the money to help the poor.
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I'm pretty sure it's how you-know-who intended Germany to be like.
posted by oxford blue at 4:12 AM on February 9, 2007