Thursday, June 22, 2017

Austin ISD just passed a budget for HOW MUCH...and they want to issue bonds for HOW MUCH?!?


"As a dog returns to his own vomit,
So a fool repeats his folly."
Proverbs 26:11

Shot (and keep in mind this is, at least, the third year in a row they've passed the biggest budget in their history):
The $1.46 billion dollar budget was approved much quicker than anticipated with the discussion only lasting about 10 minutes. The vote went 7-0-2, with two board members abstained.
Chaser:
As for the bond proposal, the board approved 40 different bond projects totaling $990 million (*)....
While we're on the subject, however, there's one point we need to re-emphasize: This is exactly what you should expect to happen when three of the trustees run unopposed.

But still....

Bottom Line: We'll see you in November....
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* - Keep in mind, that's only principal and doesn't include interest or cost overruns.

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