Generational Theft: Why is the City of Greensboro borrowing money from its children to spend on preventive maintenance?

…the city will resume its street repaving program later this year, [Mike] Mabe [manager of the city’s street maintenance program] said.

 

The federal stimulus program ponied up about $1.5 million for resurfacing, he said.

 

And Greensboro voters approved $8 million for such preventive maintenance in the 2008 transportation bonds. That should cover several more years of repaving, Mabe said, but the bonds have not been sold yet.

 

Taft Wireback

Greensboro News & Record, Wednesday, January 20, 2010