by fans of the Factor
Earlier this year the EagleCountyTimes.Com reported that the Eagle County Property Taxpayer is now responsible for $230 Million dollars of long term School Bond debt (Click Here). This debt was amassed over a ~10 year time frame, as a result of 3 separate Bond issues that occurred over those ten years…and to be fair (thanks to TABOR) taxpayers had to vote ‘yes’ (in 3 separate elections) to allow our School District to issue those Bonds.
As of a result of our existing long term Bond debt our County Taxpayer has a ~$12Million dollar Bond payment due December 1st 2011. (Click Here) Also your existing Property Tax Mill Levy remains (for the time being) at 19.474 Mills. Point is (you can sleep soundly) knowing you’re still FUNDING Public School Education in spite of the failure of 3B to win on our recent November ballot.
In spite of the fact Eagle County’s economy is struggling now – as far as the ECT knows – no Public School alternative school (our County’s Private Schools) have closed due to a lack of a sufficient number of paying students.
As Eagle County’s Public School system begins in earnest this week – the difficult process of budget cuts (the same thing our Private Sector has been doing for a long time) – the ECT will offer this simple premise as a budget cutting suggestion.
1 – The further away from your child’s class room the District wants to spend tax money, the more eligible that expense should be for a cut.
In the meantime Bill O’Reilly weighs in (26 seconds) on the issue of our nations Public Schools, and funding them.