First, the puzzling news today that the school district doesn’t have a Plan ‘B’ if the bond fails. I would think if it fails on September 18, they would quickly go back to the drawing board and present another bond to be on the ballot in November. Makes you wonder if they are just assuming they have it in the bag. Things that make you go ‘Hmm.’
But what is even more puzzling to me is that they don’t want to pay for these schools through the capital outlay by raising levees when we have had close to a decade of record building permits. With all this new commercial tax revenue coming in (and housing prices going through the roof) you would think it would be a cake walk to just borrow half now and pay down the rest through the levees?
This whole thing stinks to high heaven.
The state wants 25mil from a regular education vote while SF wants 190mil via a sneaky vote. Considering city population with 3 per household, it’s an 8k (with interest) per property payback. How does this correlate to a few dollars each per year. Is the 190mil in Pesos?
Fuzzy math from Daily Spin.
Property taxes come from commercial buildings, farm land, unimproved land, apartments and pretty much any non government property. It’s not like the average house is paying $8,000 for this bond issue.