Often it's a lease with option to buy at the end for a $1. Leasing is used by governments to do multi-year funding without bonding.
There is no chicanery involved per se with a lease, it just smooths the budget hit over the life time of the purchase. The time periods are usually shorter than a bond. It may not go against the governments bond ceiling which improves their credit rating, making money cheaper to borrow via lower interest rates.
From that you might think it could save the taxpayers money but it usually means they spend the savings elsewhere.
The State of Georgia bought the damn machines.
That’s really weird. Why? Who benefits from them being leased for $100miion?
We know it’s def not We, the People. That’s for sure
That’s exactly what this judge ordered after changing his mind.
They don’t have to impound them but they must immediately provide the contract to the Plaintiffs.
Did you see a video of him presenting to GA? Because I am pretty sure GA is one of the states that buys the machines.
OT: Leasing is common in Government.
Often it's a lease with option to buy at the end for a $1. Leasing is used by governments to do multi-year funding without bonding.
There is no chicanery involved per se with a lease, it just smooths the budget hit over the life time of the purchase. The time periods are usually shorter than a bond. It may not go against the governments bond ceiling which improves their credit rating, making money cheaper to borrow via lower interest rates.
From that you might think it could save the taxpayers money but it usually means they spend the savings elsewhere.
Completely makes sense. I would’ve never thought abt this and how gov’t budgets work. Thanks!!
Still think the $100 million for those machines is overpriced when considering how horribly corruptible they are.
They're stored in the cnn building in. Atlanta. Heard about it on...
INFOWARS.COM
The State Congress wrote the rules on what the counties are to do WITH the machines.