WoodDraw wrote:Hey Dave, what happens if we start taking on more money than we need? Can that money be refunded, or are we not to the point if needing to think of that yet?
As I recall the election set maximum rates and the board can vote to lower tax rates.
There's plenty that could be done other than buying a train
Build up a healthy rainy day fund
Paying the bonds down quicker (though the bond terms determine if this is doable)
Purchasing things like additional spare parts
Hiring an extra maintenance tech to improve turnaround speed
Hiring extra drivers to increase operating hours
Stop improvements like larger shelters to handle crowds better