Monday, October 31, 2011

Bond Debt - A Tale of Two Cities

Dunwoody GA & Harrisburg PA have some similarities. Both cities have a population of about 47 thousand. Both cities occupy around 13 square miles. Both cities have hysterical societies and like art, music and nature venues.

The city of Harrisburg had a budget of $60 million, a Bond debt service payment of $68 million it couldn’t pay and a total of $300 million in Bond Debt and has voted to declare bankruptcy. Dunwoody has a budget of $21 million and wants $128 million in bond debt. It also has Master Plans that suggest it wants another $340 Million in Bond Debt minus any federal bribes it can get.

Harrisburg has invested in numerous tourist venues, a Civil War Museum, An Old West Museum, Parks and a $300 Million trash incinerator. Harrisburg lists 16 Museums and Art Galleries, all nestled along the Susquehanna River. Harrisburg is the Capitol of Pennsylvania and was incorporated in 1791. Dunwoody is nestled in close to Atlanta, the Capital City of Georgia. and was incorporated in 2008.

Norb Leahy, Dunwoody GA Tea Party Leader

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