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Tuesday, 23 April 2013

Important Background Information on Austin Bond Elections

Posted on 20:11 by Unknown

Local media in Austin has done a surprisingly good job covering the upcoming bond election:

On the shady nature of holding an election in May:



Highlights:
  • The required approval of the voter is being circumvented.
  • 6% turnout in 2006; 2.5% in 2010
    • Less than 10,000 total votes.
    • That many people work for the district.
  • This is as close as you can get to rigging an election without having handcuffs put on your wrists.
On the horrid idea of using long-term debt for short term maintenance:



Highlights:
  • This bond issue is the equivalent of taking out a second mortgage to fund maintainence.
  • Property taxes WILL go up.
  • This type of financial shenanigans would be illegal in Houston or Round Rock
    • Author's Note: That's EXACTLY what New York City did in the 1970's.
AISD low-balling the tax hike



Highlights:
  • The potential tax hike in this proposal could be twice what AISD says it could be, and that's on top of the tax hike last year.
-----

Early voting is next week; please take five minutes and vote no on this boondoggle.
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