Delay the vote on the Bend Transportation Bond

Delay the vote on the Bend Transportation Bond

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!
Gavin Leslie started this petition to Bend Residents

We are watching a catastrophic crash in financial markets and the Federal Reserve scrambling to forestall a crash in the economy. Why? The coronavirus pandemic.

If the Feds are right, the economy will take a big hit, economic activity will sag and tourism especially will suffer. There are already reports on Bend’s Nextdoor.com of long haul truck drivers sitting at home because LA port activity has collapsed by 20%. And that’s before this epidemic has really taken hold in the USA.

In this situation, any household would use common sense, pause and take a ‘wait and see’ approach before taking out a new mortgage.

And that’s what the Transportation General Obligation (GO) Bond is. A mortgage assumed by residents.

The economy may not react as the Feds fear but far better to delay a decision on this Transportation Bond until the November elections than move blindly ahead. Common sense argues that we should assess the impact of coronavirus on Bend’s tourist economy and on residents’ incomes before assuming a new mortgage.

So, urge Council to use common sense and allow time to consider both the impact of economic disruption on Bend, its economy and residents, and the nature of funding for this new mortgage of unprecedented size.

Add your name to a petition to delay any vote on the Transportation Bond until the November elections.

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!