No algorithms. No content filters. No A.I. — Honest and insightful analysis from Richmond, VA.
There has been a lot of activity across the region recently about bond ratings and localities issuing bonds. It is a timely comparison of priorities of local leaders, a glimpse of a possible future, and what happens if you have people in charge who worry more about getting the big, shiny project than the people that end up paying for it.
In May, Chesterfield County approved $90 million in general obligation bonds to fund voter-approved capital projects across the county and include projects like new schools, police and fire stations, and transportation projects. They are part of a plan for $540 million of bonds that were put forth in a November 2022 bond referendum and approved by 76% of the voters.
Before that 2022 referendum, the county published a plan to spend $375 million for expanding existing and building new schools and $165 million on country facilities — $81 million for public safety…
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