Comment by tzs

So basically you think taxes should have been set higher a long time ago so they would have a yearly surplus that could have been saved up to pay for a new roof?

I don't see why this is preferable to lower taxes that just cover operations and short term maintenance, with separate bond issues to play for things like new roofs which are expensive but only come up ever 20 to 30 years.

There is quite a bit of variability in how long a roof lasts, because it can be greatly affected by weather and climate and accidents. With the "save for it out of a surplus" approach you'd need enough surplus so that you'll be ready if it turns out your current roof needs replacing on the low side of the roof lifetime range.

But then what happens when you reach that and the roof turns out to actually still be fine? Do you just keep adding each years surplus to the roof fund? I bet taxpayers wouldn't like that. They'd want taxes to be lowered to get rid of the surplus.

But then when you do replace the roof you'd have to raise taxes back to what they were to start building the fund for the next roof. So you still end up with the pattern being higher taxes for several years after a roof is installed and then lower taxes from then until it is time for the next new roof.

That's the same pattern you end up with under the "use a bond issue to pay for a roof when needed" approach.