Home › Blogs › No Issues Left Behind
« What's your take? | Main | Teachers - What's in your Wallet? »
December 30, 2005
Um, maybe we should build Classrooms this round
Jarvis group out this morning with a fascinating article on Prop 39 School Bonds. Here's a tidbit:
---
The numbers reveal an electorate that is starting to get irritated
with all these local bonds, especially from districts that have
proposed multiple measures. Of the 5 districts that were pursuing
their second or third Proposition 39 bond measure this last November,
none cleared the two-thirds vote hurdle, although all ended up passing
with less than a two-thirds vote.
---
What do you think of Prop 39 and its results? What do you think of the oversight provided?
WHAT DO YOU THINK?
Tim
Comments
Scott,
I don't know. I see the trend going down, but with good marketing, any body can pass a bond at 55%.
Tim
Posted by: Tim Keaney at January 3, 2006 01:45 PMPost a comment
Tim:
The growing debate on social security and medicare also has repercussions for us when it comes to bond finance. We are witnessing the graying of the population, which means the majority of voters will be seniors on fixed incomes without children in the school districts they reside in.
Most of these seniors will be forced to raise their own property taxes without really being stakeholders in the schools anymore.
The political trend is that less and less bonds will be approved because seniors will not want increases in their property taxes.
Oversight or not, the political trend for future bonds does not look good just based on demographics.
Scott
Posted by: Scott Blough at December 30, 2005 09:52 AM