Letters to the Editor

Letter: Open public bank to fund project

Dear Linn County supervisors,

Let me commend you for your plan “to help the county’s waters, trails and wildlife habitats.” Forty million dollars, plus the cost of an election and the fees and interest associated with the bonds, is a lot of money. You could avoid those costs and gain other savings by establishing a “public bank.”

This is a bank owned by the county which would extend the credit necessary to fund this effort. The same tax dollars to repay interest-bearing bonds would repay the no-interest loan the county makes to itself.

This same bank would enable supervisors to save $5 million in this year alone by liquidating present bonded debt.

Such a public bank is relatively easy to set up, is subject to all banking regulations, and to state open records/meetings laws.

Robin Kash

Cedar Rapids


MORE Letters to the Editor ARTICLES TO READ NEXT ...

The most recent news out of the Iowa Senate GOP caucus (Bill Dix resigning after an incriminating video was posted) is beyond disgusting. Such repeatedly insensitive, belittling and sexually inappropriate behavior is inexcusable. ...

Most of us are irritated with unidentified phone calls, even if we have caller ID. These calls often are trying to sell us something we don't want and have little credibility, even if we are interested. They also are often are rec ...

Give us feedback

Have you found an error or omission in our reporting? Tell us here.

Do you have a story idea we should look into? Tell us here.