Municipal Debt Lawsuit
Summary
The Goldwater Institute is suing Payson, claiming the town illegally shifted a $70 million debt onto local residents. If the arrangement stands, locals could end up paying for it through higher utility bills or taxes.
At a glance
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Impact analysis
If the debt shift stands, Payson residents could pay more in utility bills or taxes to cover the $70 million.
The town government and its creditors could benefit if the debt arrangement is upheld, since it keeps the $70 million obligation financed.
Payson residents and utility ratepayers could get stuck with higher bills or taxes to cover the $70 million.
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