Vail Daily letter: ‘Yes’ on A and B
April 19, 2014
Voters within the Eagle River Water and Sanitation District are being asked to cast a couple of votes on what may be the easiest decision they will ever be asked to make.
The mail ballot language for the two questions (A and B) is about as clear as mud, full of financial verbiage, legalese and the usual obtuse language of ballot issues — unless you examine the content carefully. It would be easy to vote “no” without understating the issue but that would be the exactly the wrong thing to do.
Upon further review, as they say in the NFL, it becomes a pretty straightforward proposition that distills into a pretty simple fact: If you and a majority of the participants vote “yes” on the ballot issues, less public money will be spent than if you vote “no”.
If the majority votes “no” it will cost more because the district will have to use a revenue bond that carries a higher interest rate. That increased cost approaches $2 million over the life of the bond issuance — and that’s real money.
You can vote “yes” on both and pay less overall or vote “no” and pay more.
It’s that simple.
I know how I’ll be voting.