AISD Bond (Austin: schools, salaries, upkeep)

[AusParent]

Let's use facts, not attacks.

[hound 109]

Originally Posted by verybadgnome

I have recently heard this claim that bond money is not subject to recapture, which if true would be a huge cost savings for AISD taxpayers. Still why did the mayor introduce a risky tax swap scheme if instead a simple bond would do the trick?

Wasn't this "risky tax swap scheme" also the one that would have affected the 20-30% of city of Austin residents who are NOT living in AISD? Had they swapped/used my taxes to pay for AISD expenses (when I'm already paying for another ISD), I would have gotten out the pitch fork.

But if this type of Bond only affects AISD residents.....sounds good (& logical for AISD) to me.


Question: Do the Bonds have to be 30 year? Why not a 10 year (or 5 year or 3 year?)

[ikoolu]

lol thats all you can - you don't have anything to say

you can not deal with the facts so you attack like a typical liberal -the facts are the city as well as the district is using bonds to things that won't last for the life of the bonds- they are using bonds and the crybaby issues like its for the children with huge costs, they are using it for OM issues like sidewalk repairs, painting etc that should be in the original budget -

if you like paying these high property taxes i am happy for you - you will be the same crybaby that in a few years crying over the property tax rates - how you going o loose you house - you have to eat cat food for dinner

history is reaping itself and if you and other want to stick your head in the sand go ahead - but those of us who have lived through this have seen and felt the abuse of the use of bonds will not stand by and be silent

thats the facts -

[Novacek]

Originally Posted by ikoolu

...they are using it for OM issues like sidewalk repairs, painting etc that should be in the original budget -

if you like paying these high property taxes i am happy for you ...

Do you simply not understand?


The "original budget" still comes from property taxes. It's not like the money in the operating budget magically appears. We're paying for it one way or another. But one way we not only pay for it, we pay double.

[James1457]

The problem is that Austin is full of people who buy houses they can't afford, and rent places they can't afford. Pretending to be someone they aren't. Buying a modest house in a modest area and trying to improve that area is an unacceptable strategy to most people, and that is reinforced socially. Biggest example is the "stay east of 35!" BS that was used to sell real estate and benefit existing homeowners. Those that refused to buy where they could afford, are now paying the price and are being pushed out.

[Mimmyu]

Originally Posted by hound 109

Wasn't this "risky tax swap scheme" also the one that would have affected the 20-30% of city of Austin residents who are NOT living in AISD? Had they swapped/used my taxes to pay for AISD expenses (when I'm already paying for another ISD), I would have gotten out the pitch fork.

No, the tax swap here refers to the district's M&O budget versus the I&S budget. The former is subject to recapture, the latter is not. Bonds go into the latter.

Edit: whoops, misread the flow of the conversation. Disregard!

[ikoolu]

novacek understand it perfectly - what you don't seems to get is they are adding BONDS on top of the property tax for stupid things like painting - sidewalk etc

that over time will explode the total rate you pay - i guess you don't care if they BARROW today and pay 2-3-4-5 times more over the life of the bond to theses issues - buts math is math -you can not barrow yourself out of problems - try refinancing your house every year to paint it, put a new roof, replace the windows, repairs the slab, etc etc and where you are - simple you a heck of alot more than either your house is worth or you can't pay the bills

liberals use these tricks for those who don't understand basic math or are not paying attention -

all i am saying is any attention on what they are using bonds for - or i guarantee you austin will become just another broke california type city - history is repeating itself

you are going to see more and more of the budget go to payroll, benefits, etc and less available for required maintenance - just watch

[Austin97]

Originally Posted by ikoolu

novacek understand it perfectly - what you don't seems to get is they are adding BONDS on top of the property tax for stupid things like painting - sidewalk etc

that over time will explode the total rate you pay - i guess you don't care if they BARROW today and pay 2-3-4-5 times more over the life of the bond to theses issues - buts math is math -you can not barrow yourself out of problems - try refinancing your house every year to paint it, put a new roof, replace the windows, repairs the slab, etc etc and where you are - simple you a heck of alot more than either your house is worth or you can't pay the bills

liberals use these tricks for those who don't understand basic math or are not paying attention -

all i am saying is any attention on what they are using bonds for - or i guarantee you austin will become just another broke california type city - history is repeating itself

you are going to see more and more of the budget go to payroll, benefits, etc and less available for required maintenance - just watch

maybe you dont understand how bonds work. When you borrow money with a bond you pay a fixed amount every month, there is no increasing rate. The total amount paid is known. When interest rates are at 3% you *want* to borrow money now if you expect inflation to occur. the reason is the money supply increases and actually reduces the cost of the bond.

[Austinite76]

Originally Posted by Cantfixstupid

My vote will be no. The simple fact is that they are biting off more then they can handle. Also, bonds are a terrible way to fund projects. Just because a known cost is established for a project that does not imply successful completion. Vendors can walk when it is convenient with very little penalty. I wish we could make bets on a bond's success or failure on meeting certain implementation milestones if passed. These are very predictable and commonly cost more than originally thought. Excuses become very abundant when supplies, staffing ect. are considered valid reasons for failure.

It’s called a credit default swap. You can bet on it.

[Novacek]

Originally Posted by ikoolu

novacek understand it perfectly - what you don't seems to get is they are adding BONDS on top of the property tax for stupid things like painting - sidewalk etc

that over time will explode the total rate you pay - i guess you don't care if they BARROW today and pay 2-3-4-5 times more over the life of the bond to theses issues - buts math is math -you can not barrow yourself out of problems - try refinancing your house every year to paint it, put a new roof, replace the windows, repairs the slab, etc etc and where you are - simple you a heck of alot more than either your house is worth or you can't pay the bills

liberals use these tricks for those who don't understand basic math or are not paying attention -

all i am saying is any attention on what they are using bonds for - or i guarantee you austin will become just another broke california type city - history is repeating itself

you are going to see more and more of the budget go to payroll, benefits, etc and less available for required maintenance - just watch

Residents of Austin and AISD.

Our schools need support so that internet posters can correctly use grammar, spelling, punctuation, and basic math.


Please support our schools and vote for the bond. Thank you.