Municipalities don't have a whole lot of money. Things are tight. So they would put all this land in this district, they call it, and then all the property owners, They would take a bond out on it, just like a school. If we have a school bond that comes up, they take 10 mills out of the land and then that goes into this big fund, and then the developers or whoever can put infrastructure in. (04:41–04:44)
CLAIM
Asserts that public infrastructure districts would use bonds similar to school bonds for funding.
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