By Mardi Link, includes “Grand Traverse Pavilions, a county-owned nursing home, is seeking to sell $6.3 million in bonds to finance unfunded pension debt, a financial plan provided the Record-Eagle shows, though some county officials question the strategy. ‘It would be like taking out a second mortgage on your home to invest in the stock market,’ said Grand Traverse County Commissioner Gordie La Pointe. ‘You may be ahead of the game but you are taking a gamble. Should you be gambling with taxpayer funds — that’s the question.’ …”
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