The state can't just go "you owe $1b now" to Disney.
Who do you think RCID's biggest bondholder is?
While you roll that around in your head, I'll tell ya what the state CAN say:
"Fuck you, we're not paying you shit."
Now do you have a guess at who RCID owes money to?
It's really not a hard question when you realize that muni bonds aren't taxable, and taxes to RCID are deductible. Now who might want a road-building tax shelter?
The state can't just go "you owe $1b now" to Disney.
Who do you think RCID's biggest bondholder is?
While you roll that around in your head, I'll tell ya what the state CAN say:
"Fuck you, we're not paying you shit."
Now do you have a guess at who RCID owes money to?
It's really not a hard question when you realize that muni bonds aren't taxable, and taxes to RCID are deductible.
The state can't just go "you owe $1b now" to Disney.
Who do you think RCID's biggest bondholder is?
While you roll that around in your head, I'll tell ya what the state CAN say:
"Fuck you, we're not paying you shit."
Now do you have a guess at who RCID owes money to?