Before a Belmopan Municipal Bond is considered

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By Chalres Leslie Jr.: We will never borrow ourselves into prosperity. Belmopan needs to attract and incentivise local and international diversified investors to build prosperity for all in Belmopan.

The first thing a true leader needs to do is a full audit of our financial situation as a city, and make sure the public is fully encouraged to peruse and review the situation.

The second thing a true leader needs to do is to reduce operational expenses, and this can be done in two ways. 1. Remove unnecessary spending. 2. Identify ways to bring in additional income without increasing taxation on residents and the business community. I will elaborate more on this in part two of this article.

These first two steps are necessary to build back trust between the residents, the business community, and the City Council. It is important as a leader, that people understand our city’s financial situation so that they feel comfortable with what is being planned in making the city self-sufficient, with every effort made without increasing taxation.

Once we get these first two steps in order, then and only then would I, as area representative of Belmopan, support the Belmopan City Council in considering floating a municipal bond. I will share my thoughts on what should be done with a municipal bond.

The views expressed in this article are those of the writer and not necessarily those of Breaking Belize News.

The article was written by Charles Leslie Jr., former independent Chairman of Placencia Village (2010 – 2013). He holds an Associates degree in business, accounting and economics and has over 20 years business experience.

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