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  Queens Library Architect The New York Times gives an enthusiastic review to a starchitect's elaborate plan for a new Queens public library branch without any mention of what construction would cost or of the fact that this same Queens public library system has recently been claiming it has been so financial strapped that it has stopped buying any new books. This is one of the quirks of municipal finance. New construction can be financed through tax-exempt municipal bonds, which bond underwriters like to issue because they collect fees. No one is financing book purchases with bonds, however. One result is the construction of fancy new library buildings by internationally famous architects, for a library system that claims it can't afford to fill the buildings with any new books. At the very least, it's incongruous. Queens Library Architect The New York Times gives an enthusiastic review to a starchitect's elaborate plan for a new Queens public library branch without any mention of what construction would cost or of the fact that this same Queens public library system has recently been claiming it has been so financial strapped that it has stopped buying any new books. This is one of the quirks of municipal finance. New construction can be financed through tax-exempt municipal bonds, which bond underwriters like to issue because they collect fees. No one is financing book purchases with bonds, however. One result is the construction of fancy new library buildings by internationally famous architects, for a library system that claims it can't afford to fill the buildings with any new books. At the very least, it's incongruous.
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