Excerpts from the Lake Worth Herald Editorial, July 17, 2014:

     "It is unfortunate for some the cost of floating a bond will weigh heavier on them than others in the beginning. Their property values will rise and so will the amount of taxes they pay. At the same time, properties with taxable values below the taxable threshold will see their value increase and become contributors to the tax base. This will spread the burden of bond payments among a larger pool of contributors and ease the pain for some of the larger tax payers."

[later...]

     "The city is asking voters to approve a General Obligation bond of approximately sixty three million dollars. This is the total, worst case scenario for the financing of the infrastructure revamp. The money will not be borrowed all at once, but spaced over three borrowings, enabling the city to supplement the cost with grants and reduce the total bond obligation."

[and...]

     "Lake Worth spent a ton of money to build a Reverse Osmosis water treatment plant to provide some of the best water in the state to the citizens. When the water leaves the water plant it probably is the best water in the state. After traveling through mineral deposits in the existing pipes, the water in no longer near the best water in the state. 
     The water lines will not be paid from the bond, there is money in the utilities fund to cover the cost of replacing the older water lines. This work will be done at the same time as the road work to facilitate tearing the road up only once."

To read the entire editorial, the current news about Lake Worth, and the clever musings of "Pelican Pete", go to: LWHerald.com.