opinion

Letter to the editor: Bond to waste $150 Million

Posted 12/4/18

5B, the $567 Million bond tax ask to improve school buildings passed. In 2012, when voters passed the “warm, safe, dry” bond ask for $99 Million, Jeffco actually financed $117 Million, 18 …

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opinion

Letter to the editor: Bond to waste $150 Million

Posted

5B, the $567 Million bond tax ask to improve school buildings passed. In 2012, when voters passed the “warm, safe, dry” bond ask for $99 Million, Jeffco actually financed $117 Million, 18 percent more! Instead of wasting $150 Million in unneeded interest payments and lining the pockets of bond holders shouldn’t the school board make equitable payments on the new debt and get more money to fix schools? Instead of making interest only payments and adding to the total cost of the bond payoff, shouldn’t that money go to fixing buildings?
Please stay informed, become involved and attend school board meetings. As a community, we need to ensure our tax dollars are being used efficiently. We need to ensure the school board does not burden us with even higher taxes by using a financing scheme which wastes $150 million on unneeded interest payments. If the school board truly has enough money to finance both the principle and interest, don’t they really have enough money to just fix our schools without the expensive bonds?
William F Hineser,
Arvada

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