Cost of bonds revealed

Thank you for the Oct. 27 article County’s debt tax to soar in any scenario, addressing Miami-Dade’s debt tax. Finally, residents have been told what bonds really are so they can make an educated vote.

Bonds have been used to hide county spending for years by making voters think it’s not a tax. Bonds are worse than ad valorem taxes because no one ever sees the interest we pay. More than $300 million just for the interest payments on one structure is absolutely unacceptable.

This story was originally published October 27, 2014 at 7:23 PM with the headline "Cost of bonds revealed."