My latest op-ed, title above, appeared in The Virginian-Pilot Thursday. In it, I address the effects on Norfolk’s bonding capacity as they take on a new hotel-convention center while simultaneously trying to raise taxes for schools, the cost of which is in excess of $100 million.
The last time Norfolk was worried about its bonding capacity, it was at about $1 billion. When I looked at the 2012 financial statements (pdf), it was nearly $1.3 billion. At some point, Norfolk needs to explain how they intend to address this.
Of course, I’m not holding my breath.
My column appears in The Virginian-Pilot on Thursdays. You can see the columns as they are published here, or navigate to them from the PilotOnline.com homepage by clicking on Opinion and then choosing my name at the bottom of the dropdown list. You can also see the columns by liking my Facebook page. Although my column appears weekly, I am not and have never been an employee of The Virginian-Pilot.Follow @vpaige