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THE RELATIVE MERITS OF THE Two PLANS
A SUGGESTED POLICY
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20-year serial bonds ACCORDING TO ENGELHARDT'S amortization amount annually recurrent average bond interest rates bond issues bond payments bond prices bond term bonded debt bonding method Bonds Pay-as-you-go borrowing budgeted program building is annually building is constructed building program Calif capita assessment Cent of Increase Chapter cities reporting Columbia University discussion dollar ENGELHARDT'S STUDY established financial policy expenditures factors financing school buildings fiscal safety funds future greater Harold F income indebtedness industry and property issue bonds less loans Macmillan and Company margin of fiscal Mass ments method of financing money is worth Mount Kisco municipal bonds obsolescence Ohio paid pay-as Pay-as-you-go and Bonds Pay-as-you-go Pay-as-you-go pay-as-you-go plan payment for capital period principle property values Public Finance public improvements sacrifice school bonds school building needs school population serial bonds 1925 subjective burden suggested policy TABLE tax rate taxpayer Westchester County worth of money York City York State Library you-go plan