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Monday, 6 May 2013

AFP-Texas: The Ugly Numbers on AISD debt and spending

Posted on 18:33 by Unknown

Americans for Prosperity -- Texas breaks down the numbers on the AISD bond election:



  • Teachers comprise only 52% of the ISD staff
  • And only 49% of the ISD revenue is spent on instruction



  • And the Superintendent – as of TEA’s last listing – is making base salary of over $285,000
  • AISD debt is currently just over $1.1 billion
      • Approximately $751 million in principal and
      • $372 million in interest
    AISD student enrollment has grown 8.9% at under 1% a year over the past 10 years according to TEA:
      • In 2001, enrollment was 77,816;
      • In 2011, enrollment was 85,273
    Yet spending almost doubled – 71.12% increaseFrom $547 million to $936 million
    And the ISD fund balance grew an astounding 117.647% in 10 years.
      • $68 million in 2001 to $148 million in 2001-10
    The bond package proposed would more than double AISD debt.
    Let’s remember the current principal is $750.5 million; This bond package is for over $892 million.


  • Read more: http://americansforprosperity.org/texas/legislativealerts/aisd-bond-election-loving-our-kids-to-debt/#ixzz2SZ8bxieq
     This is lot of debt to burden ourselves and our children with over the next thirty years.  A low turnout May election that maximizes the special interest vote is not an appropriate forum.  Let's slow this process down;  Vote AGAINST AISD Bonds 1 - 4.
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    Posted in AISD, Americans for Prosperity, Boondoggle du Jour, Education, Props 1-4 (AISD; 2013), Spending | No comments
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