Posts by S. L. Mintz

In part five of our series on public banking, S. L. Mintz considers several public financing models. “But before embracing public banks’ promise of low cost funding, advancement of local priorities and welcome returns on investment,” he says, “informed taxpayers should weigh risks that can derail good intentions.”

April 19, 2018

When residents of Yorba Linda and Placienta, California, approved a $200 million school construction bond, they got a nasty surprise. “Just one $22 million borrowing from 2011 will cost taxpayers nearly 13 times that amount — $280 million — to repay,” the Orange County Register reported in 2015.

May 30, 2017