Bob Kingsbury

To the editor,

All city expenditures should be cash, not bonds, because the cost of interest approximately doubles the cost of a bonded project.

Secondly, the cost of cash makes people look. Our schools are of masonry construction, and should last us for hundreds of years. Yet we have been told that they require $25 million more in repairs and changes. That kind of additional costs can occur because not enough people were looking. We need more people looking at our city and school affairs, and paying cash would make people do that. The city council should tell us voters how the schools got in need of this much repair, and renovation in this short a period of time since the last major renovations and changes. Ws the cause of these needs malfeasance, or misfeasance, or some other set of reasons? The council should tell us what the reasons are.

Lastly, bonding involves putting a mortgage on everyone's home The city council should not have the power to mortgage any home other than their own. Only the voters should have the power to put a mortgage on their homes. Therefore, any bonding should require the voters to pass, by a super majority, a bonding referendum at a general election.

Bob Kingsbury

Laconia