Bonding in Barnet
From the FT today: A bond to raise up to £360m for transport, schools and other local services will be proposed by a north london borough as it looks for new ways to raise money. The “Barnet bond” would provide as much as half the £733m the London suburb says it needs to improve its infrastructure to cope with expected housing growth over the next 10 years. The bond would be financed by earmarking extra income created by expanding housing stock, including higher council tax and business rate receipts. The borough also says it could raise money from the expansion ...