Letter: RISE bond system needs constant, careful review

With all of the ads encouraging a “yes” vote on state Constitution Question 2, it should be obvious to everyone that a lot of money is riding on this. The amendment will facilitate counties’ ability to issue bonds to pay for infrastructure. Bonds are IOUs, which the counties (taxpayers) will have to repay. The theory is that an increase in tax revenue from new developments enabled by said infrastructure will generate funds to repay the IOUs.

See the original article at: Honolulu Star-Advertiser