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Letter: Vote no in Poth ISD bond election
Poth ISD is asking voters to pass a $3.9 million bond to build additional classrooms and do some repair on the high school. The bond is for 20 years at a little more than $300,000 a year in payments. The tax rate will go up about 10 cents, which will take it from $1.07 to $1.17 per $100. As of now we have the lowest tax rate in the county. The school district does not need a bond to do this work.
The board of trustees is saying that if it fails, they will have to go to portable buildings. This is not true. You can do everything without a bond.
I went to the Wilson County Appraisal Office and asked if I could get information on how much tax revenue comes from oil and gas. The school district received $1,017,624.05 in 2012. This is public information.
It is predicted that the school district could receive from $1.5 million to $2 million in 2013 and more in 2014.
If this bond election passes, it will give the school board a signed blank check to waste money on their pet projects. One of the projects is to Astroturf the football field and build a new stadium.
When you go to the poll on May 11, vote no.
Editor’s note: Some school districts are facing the possibility of “full recapture” of property-tax revenues, due to rising surpluses related to surging land values. Where some districts were receiving education dollars from the state, they are now being asked to repay the state in the wake of sudden “wealth.” Not all oil and gas revenues directly benefit school districts.
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Publius Valerius Publicola
May 6, 2013 12:49pm
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