AFP-Texas: The Ugly Numbers on AISD debt and spending

Americans for Prosperity -- Texas breaks down the numbers on the AISD bond election:

Teachers comprise only 52% of the ISD staff

And only 49% of the ISD revenue is spent on instruction

And the Superintendent – as of TEA’s last listing – is making base salary of over $285,000

AISD debt is currently just over $1.1 billion

• Approximately $751 million in principal and
• $372 million in interest

AISD student enrollment has grown 8.9% at under 1% a year over the past 10 years according to TEA:

• In 2001, enrollment was 77,816;
• In 2011, enrollment was 85,273

Yet spending almost doubled – 71.12% increaseFrom $547 million to $936 million
And the ISD fund balance grew an astounding 117.647% in 10 years.

• $68 million in 2001 to $148 million in 2001-10

The bond package proposed would more than double AISD debt.
Let’s remember the current principal is $750.5 million; This bond package is for over $892 million.

Read more: http://americansforprosperity.org/texas/legislativealerts/aisd-bond-election-loving-our-kids-to-debt/#ixzz2SZ8bxieq

 This is lot of debt to burden ourselves and our children with over the next thirty years.  A low turnout May election that maximizes the special interest vote is not an appropriate forum.  Let's slow this process down;  Vote AGAINST AISD Bonds 1 - 4.