Bond foolishness | Arkansas Blog

Wednesday, September 17, 2008

Bond foolishness

Posted By on Wed, Sep 17, 2008 at 3:22 PM

With still more bonds on this year's ballot, it's a good time to look back at the highway bond issue that Mike Huckabee claimed as a shining achievement. Ernie Dumas, writing editorially in the Arkansas Leader, explains why state highway officials are so blase about the current shortages in federal highway money used to pay off the bonds. State general revenues are pledged to pay off the bonds if federal money falls short. Remember that?

Among others, the editorial argues that the interstate rebuilding project wasn't worth the cost of bonds because it wasn't big enough. At a steady clip, we'd have reconstructed the same amount of roads in just a few more years without interest and not had the continuing debt load. It also argues that the highway department would be a lot better off if Gov. Beebe hadn't short-circuited Sheffield Nelson's severance tax plan with a much-reduced rate.

From the ArkTimes store

Favorite

Comments (2)

Showing 1-2 of 2

Add a comment

 
Subscribe to this thread:
Showing 1-2 of 2

Add a comment

More by Max Brantley

  • Womack gets questions. He doesn't answer

    The resistance mustered a turnout for a rare public appearance by U.S. Rep. Steve Womack, which meant a ferry ride from Peel, Ark., and a drive almost to Missouri. He didn't seem happy to see them.
    • Aug 22, 2017
  • Democratic Party calls for resignation of Jake Files

    The Arkansas Democratic Party says Republican Sen. Jake Files of Fort Smith should resign over news about handling of state General Improvement Fund money that wound up with him, not the project for which it was intended.
    • Aug 22, 2017
  • Rutledge touts effort to allow discrimination against gay people

    Attorney General Leslie Rutledge is braying about her intervention in yet another out-of-state lawsuit — this one to protect a Washington state florist who doesn't want to sell flowers to gay people for use at their wedding.
    • Aug 22, 2017
  • More »

Readers also liked…

  • Charter school accountability: Non-existent in Arkansas

    A state audit finds charter school spending violated state law, but the state Education Department says it has no responsibility for ensuring proper management of charter schools. Say what?
    • Mar 5, 2016
  • Policy group urges opposition to new charter seats in Little Rock

    The Arkansas Public Policy Panel is urging supporters of the Little Rock School District to tell state Board of Education members they oppose applications to be heard this week to dramatically expand the number of charter school seats in the Little Rock School District.
    • Mar 9, 2016
  • IHOP coming down, but .....

    I always scan the Little Rock City Board for items of interest this week and this one caught my eye: A zoning measure required by a proposal to tear down the IHOP at Markham and University.
    • Apr 30, 2016

Most Shared

Most Viewed

  • Troubles mount for Sen. Jake Files. Maybe others, too

    Sen. Jakes Files has serious problems, based on an FBI affidavit filed Monday in Fort Smith. One new question is how many other legislators have problems based on spending of state surplus money?
  • Democratic Party calls for resignation of Jake Files

    The Arkansas Democratic Party says Republican Sen. Jake Files of Fort Smith should resign over news about handling of state General Improvement Fund money that wound up with him, not the project for which it was intended.
  • Womack gets questions. He doesn't answer

    The resistance mustered a turnout for a rare public appearance by U.S. Rep. Steve Womack, which meant a ferry ride from Peel, Ark., and a drive almost to Missouri. He didn't seem happy to see them.
  • Artist Dale Chihuly's court battle

    Dale Chihuly, the visionary artist whose work is currently on exhibit at Crystal Bridges, is the subject of a New York Times feature today about an ongoing court battle and the condition of the 75-year-old artist.
  • Confederate memories of a Southern boy

    Confederate memories. How a Son of the South went wrong — or right, depending on your point of view.

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation