by the over-burdened County Taxpayer
It’s time for our local School District to come clean.
They’re simply (deliberately?) not telling you the complete story in their recent letter to you. In the District’s letter to County taxpayers, from last week (Click Here) the District simply didn’t give you the complete story.
So the ECT folks will ask the District and its elected board – the questions the rest of the media around here – won’t.
1 – How many current School District Bond(s) are we paying on now? How many millions will taxpayers have paid when these EXISTING bonds are paid off, and how many more years will it be before each existing School Bond is paid off?
2 – How much per Student, per year is the Eagle County Taxpayer currently paying – when the additional long term Debt is added in on a per student basis?
Perhaps the ECT can help jog your memory…2006 EC Ballot – EC Taxpayers approved a new $128 Million long term Bond for the School District. After this the the School District Board approved “$7.5 Million Gadget” is how the District described it –
…”called certificates of participation. It’s a series of one-year loans, instead of one multi-year loan. That allows the school district to dodge the restrictions of Colorado’s TABOR Amendment that bans governments from taking on multi-year debt without voter approval. The Eagle County Commissioners used the same gadget to pay for their $38 million justice center/jail project.
The web site link to the above graphic can by found by (Clicking Here)
3 – Perhaps it’s just the ECT ‘s education. We thought that when Colorado State wide voters approved TABOR – its intended purpose was to stop out of control government spending – that results in more taxpayer financial obligations – without a vote of the people. Just what is it – these educators are teaching our children about the law?
Isn’t it time for County voters – to ask yourself – just what kind of a Community is your child/student is going to inherit when the majority of what your child earns as an adult, goes to paying the debt incurred by his/her parents today?
Local, State, Federal? This out of control spending model really isn’t sustainable now is it?