Morning Notes

by ARLnow.com August 2, 2010 at 5:26 am 1,690 2 Comments

Circulator Bus Service Comes to Arlington — On Sept. 1, DDOT will begin operating a new Circulator bus route between Georgetown and Arlington. More from the Washington Examiner.

Planetarium Fundraiser Draws a Crowd — More than 400 people attended the “Night at the Planetarium” fundraiser at the David M. Brown planetarium Saturday night, organizers said. The event raised about $4,500 to help save the planetarium from closure.

Arlington Native Scores TV Show — Arlington native Zack Cregger has joined the cast of “Friends with Benefits,” a new NBC comedy series set to air in 2011. Cregger previously had a starring movie role in the 2009 comedy Miss March.

County Issues Bonds on the Cheap — Arlington County issued more than $73 million in bonds last week, at a record-low 2.70 percent interest rate. The bonds will partially finance Metro projects, neighborhood conservation projects, improvements to the Water Pollution Control Plant, and construction at Yorktown High School. The low rate is partially thanks to the county’s Triple-A rating, as well as low rates in the market.

Photo: Start of last week’s Crystal City Twilighter 5K. Courtesy of Crystal City BID.

Dav3

How does the county plan on paying back these bonds? It’s great that they got a low interest rate — but the money still has to be paid back. Are they going to raise sales taxes? Property taxes? Fortunately they are not allowed to assess a county income tax.
- Just the Facts
  
  @Dav3: the issuance of general obligation bonds does not indicate a need for an increase in taxes. Debt management is part of the regular budget process. To read about the County’s (suprisingly conservative and responsible) debt management policies, go here: http://www.arlingtonva.us/departments/ManagementAndFinance/documents/file74585.pdf.

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