Sen. Jerry Moran R-Kansas Recently, the U.S. Department of Labor released a dismal update on the state of our nation’s economy. Not only did the national unemployment rate rise to 9.1 percent, but the number of Americans looking...Read More
The city of Gardner currently owes $111.6 million including principal and interest, and not all of the debt is bond debt. Car lease payments were included in Gardner’s figures, for example.
Public debt also won’t be paid equally by all citizens. Gourley used the swimming pool – which comprises approximately $11 million of the city’s debt – as an example. The aquatic center’s debt is primarily paid through a half-cent sales tax.