Two excerpts from the latest Lake Worth Herald editorial, dated July 3, 2014:

Passing the bond issue doesn't mean the city is automatically sixty plus million [dollars] in debt. It only means the amount of the bond is the most the city could borrow for the project. It is scheduled to be withdrawn in three borrowings, based on the needs of each phase of the plan. Any state or Federal money garnered through the course of the plan will decrease the amount of the bond actually borrowed, thus decreasing the obligation to the taxpayers. 

[later...]

     Without a bond issue, the infrastructure will continue to deteriorate, property values will decline further and fewer people in Lake Worth will have to pay taxes. This will create an even larger deficit in the city's finances and eventually, who knows, the city might need to be taken over by the County.
     The county would then allow others to annex Lake Worth and they would have to charge more in order to provide necessary services.
     The future of Lake Worth can go up or down, and this bond issue will be a major factor in determining which way we go. 

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