Steve Sisolak Unknowingly Admits Clark County Can’t Handle Bond Debt Coverage Of 2 But 1.8 #NVLeg
Steve Sisolak Unknowingly Admits Clark County Can’t Handle Bond Debt Coverage Ratio Of 2 – 1.8 Is Max
Steve Sisolak just stuck his foot in his mouth at the Nevada Legislature. The stadium bond debt coverage ratio that the SNTIC recommends is 1.5 – Sisolak says that Clark County has a bond debt coverage ratio capability of 1.8. Not 2.
That means that with an industry standard debt coverage ratio of 2 a $750 million bond issue and public subsidy is not doable.
Wow Steve. Wow.
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