# This is what you get when you put a businessman in office.

**URL:** <https://forums.speedlife.net/t/this-is-what-you-get-when-you-put-a-businessman-in-office/48144>\
**Category:** NYSpeed Off Topic\
**Created:** [May 9, 2008, 6:16am UTC](https://forums.speedlife.net/t/this-is-what-you-get-when-you-put-a-businessman-in-office/48144 "2008-05-09T06:16:34Z")\
**Posts on this page:** 1\
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**Author:** ![ecoshardcore](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ecoshardcore/32/7591_2.png) [@ecoshardcore](https://forums.speedlife.net/u/ecoshardcore)\
**Post date:** [May 9, 2008, 9:49pm UTC](https://forums.speedlife.net/t/this-is-what-you-get-when-you-put-a-businessman-in-office/48144/29 "2008-05-09T21:49:33Z")

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> [@Joe](#):
>
> So in other words he took a calculated risk that the control board won’t be needed for the life of said bonds. If they’re still here, he wastes hundreds of thousands in overpaid interest and reduces the county’s available credit. If they’re no longer needed, he saves having to keep them around. Could be a good move, or a bad one.

your math is confusing.

on a high side the control board will save $40,000 in interest expense per year. Assuming a 30 year repayment period, and excluding the fact that the interest payments will diminish with time the city will pay $1,200,000 in interest. Equal to 2 years of our illustrious control boards time.

Even giving the control board 10 years more in power (which will NOT) happen. The city will only see a $400,000 savings. while that same control now unneeded  
board will cost $ 6,000,000.

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