Leverett’s Broadband Municipal Bond Issue Praised in Reuters Blog – June 8, 2012

From Reuters MuniLand, by Cate Long:

I’m often critical of municipal bond issues that either appear to be configured to avoid the necessary approval processes or appear to benefit private interests over public interests. The opacity of muniland creates plenty of dark places for odd dealings to occur. But earlier this week I read about the small Massachusetts town of Leverett, which had just conducted the most open and transparent bond approval process that I’ve seen. What was being decided was a $3.6 million project to build a broadband network connecting the 632 households in the community. The whole process is about as commendable as you could hope for.

http://blogs.reuters.com/muniland/2012/06/08/leveretts-commendabl-municipal-bond-issue/