Every bit of dire economic news would seem to add to the challenge for proponents of Wichita’s $370 million school bond issue, which is on the Nov. 4 ballot. And sure enough, 37 percent of participants in a SurveyUSA poll last week for KWCH, Channel 12, said that gas prices and the economy would have a “major impact” on their bond issue vote, compared with 26 percent who said the impact would be minor. What does one make, though, of the 33 percent who said it would have no impact of all – unless they’d already decided to vote against it?
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15 Comments
I bet they are dizzy with the fumes of procrastination now they delayed the vote on the ’school bond issue’ in a volatile economic climate.
:D
“BAD ECONOMY IS TOUGH FOR BOND ISSUE” and America’s banks, and insurance companies (including mine), and finance companies, and manufacturing companies including aircraft manufacturing companies, declining governmental tax revenues and even the McClatchy owned Wichita EAGLE newspaper.
We can no longer cover our eyes, stick our heads in the sand about the future of our economy. Everyone must live their individual lives in a way to consider the possibilities of the current drip down recessionary economy.
Actually, the details of the bond issue are bad for the bond issue. Incidentally, the economy doesn’t help either. I hope the school board learns we need an unbiased look at what improvements are needed. That will make this bond issue a winning proposition even as it fails.
The school district is going to have to do what the rest of us are doing: learn to live within their budget. Time to face the music. This bond issue is dead. New swimming pools and tennis courts would be nice, but have become unaffordable. The economy is only going to get worse between now and the vote. If the school district doesn’t have the good sense to pull the bond issue, I think voters will do it for them by voting “NO”.
“New swimming pools and tennis courts would be nice, but have become unaffordable.”
But don’t you see? That is precisely how the cons operate.
They run up huge debt on things THEY like (Wall street bailouts, wars of choice) and then USE that debt to plead “We just can’t afford it!” when a worthy project comes along.
Their ultimate end being of course to eliminate ALL social spending because “we just can’t afford it!”
My son will be through with school by the time the bond improvements are put in place. But I will vote for them.
I grew up in local schools with no air conditioning. The last big school improvement has allowed my son to have his entire school experience in air conditioned buildings. IF my son remains in this area, I want HIS kids to have better than he did for a school experience.
Based on total budget and number of students, USD 259 already spends over $12,000 per student, which is one of the highest in the nation. USD259 already has an annual budget of over $600 million.
It is obvious they cannot live within their means now–why should we give them MORE? It is time for USD 259 to learn to tighten their belt like everyone else has to do.
Liberals
Gasoline prices are high because liberals WANTED gasoline prices to be high.
Liberals believe that high gasoline prices will force “alternative energy” — and the social engineers that came up with this idea partly to blame for your trouble in getting this bond issue passed.
Also to blame? The liberal social engineers who thought that EVERYONE should qualify for a home mortgage.
The public can not vote, directly, on “affirmative action, politically correct lending” and the country can not vote, directly, on the liberal policy of forcing gasoline prices through the roof by restricting supply.
However, Wichita CAN vote on this bond issue, and they will vote against it in rather large numbers.
It is a shame, as I can see some needs out there, but USD 259 has done a terrible job of setting priorities and keeping costs in line.
BJ
The recent “Wall Street Bailout” was PREDICTED by John McCain back in 2005.
Democrats in Congress forced lenders to make very risky loans.
Democrats in Congress received the OVERWHELMING support of Fannie Mae, Freddie Mac, Countrywide, Lehman Brothers and other firms.
The Congressional Black Caucus INSISTED that Fannie and Freddie were “sound” and branded anyone who questioned these risky mortgages as “racist”.
The mess on Wall Street is a DEMOCRAT scandal:
http://www.youtube.com/TheMouthPeace
By the way, one of the REASONS that Bear Stearns was bailed out?
Bear Stearns is a HUGE player in the school bond and municipal bond business.
Maybe we should keep the Municipal Bond business and the Mortgage business seperate?
Another issue?
The same companies that get involved in “mortgage insurance” also, often, get involved in “municipal bond insurance”.
The insurance premium that many municipalities used to pay, as a routine matter, now makes very little sense.
The Credit Rating of many Municipal Bond Insurance Companies is now LOWER than the municipal government that wants the insurance!
This, of course, makes the insurance itself rather worthless.
However, without the insurance, local governments have to pay higher interest rates.
Affirmative Action, Politically Correct Mortgages have GREATLY damaged the municipal bond market.
You are off topic, and lying as usual Franklin.
The public knows that it is Republicans made the financial mess. THEY run up debt for their projects so they can whine “we just can’t afford it!” for more worthy ones. It has been their agenda the last 25 years.
Check a poll shill. The public is on to the game and will punish the Republican party in November.
“shill” must be the word of the day…used to be “troll”. anyone a lib doesn’t agree with is now a “shill” by accusation, so therefore no need to reply to the FACTS?
nice tactic..avoide the facts and shift to name calling and labelling. Yep..that sure proves a lot.
BJ
Polls are no substitute for wisdom.
You are the scarecrow in the Wizard of Oz.
I am COMPLETELY on topic.
The finanicial issues of the Municipal Bond industry are DIRECTLY on topic. You do realize that USD 259 will HIRE a WALLSTREET firm to issue these bonds and service these bonds, don’t you?
High gas prices, caused by LIBERALS, will make people worry about their budgets, and vote “NO”.
Financial worries, caused by DEMOCRATS, will also make people vote “NO”.
USD259 could cut expenses by closing their borders like other districts have. They continue to take some of the most expensive children in the surrounding area to keep their numbers up. Stop that practice and see what happens with costs.
The virtual school needs to be looked into. How many of the children in their numbers are not attending school in one of their buildings? These are children taking instruction over the internet and not in a building. They do not utilize a teachers time in the classroom and they do not utitlize the facilities. How much money is this bringing in for the school district and how much is it saving them?
They are actually making money on these children and they should be held accountable for that money.
Does anyone know?
“Bad economy tough for bond issue”
GOOD….it needs to go down in flames.
Remember, this school district in taking over $607 Million dollars from the stressed taxpayers as it is. That’s about $13,000 per student per year.
In case you were educated in the public schools and they let you get by without learning what you need in today’s society, that’s plenty more than necessary for everything they need….it’s just not enough for their unlimited wants.
To heck with that, this bond issue needs to go down in utter flames.
Hi Box
I want to ask you.
Just now, I don’t see any reason to teach my kid that this country is worth fighting for.
You know, since you care more about your own money than about education?
Maybe you can help me. Can you tell me why my son should give a damn about people like you?