$36.5 million who do you trust with your money?
The public faith is at a new all time low for all levels of government in the State of Texas per a public opinion poll.
In speaking with a gentleman last week in another community of our state who does economic forecasting he said "school districts were going to be the 'straw that breaks the camels back' with regards to tax burden in this state. If someone does not get a hold on their lack of checkbook control, look for the education ship to experience a mutiny. I don't think the TEA, TCTA, TSTA, TASB, TASA, etc. will be able to hold it back."
Based upon their economic forecasting "it appears that Texas will head in the tank with the rest of the nation. Texas should start to see its downturn in all areas by mid-summer. The lone exception was the petro industry. Hotel rooms are already recording less advance reservations than in past years, amusement park season pass sales were lower, and retail appeared to be heading toward a slump. Church and charitable contributions appear to be lagging over previous years as well. Home foreclosures appear to be increasing across the state except in the Houston area." Guess it is a good time to be employed in the petro industry in Houston, Texas!
Back to the $36.5 million dollars. If this bond election is passed everyone knows that the PISD does not have to use the money as proposed. The way I read the law, once the PISD gets the money they may do with it as they please. One of the issues I see at the PISD as I have seen at other ISDs is that the board has lost focus with the taxpayers. They have sided with the administration, and have stopped asking the hard questions (this issue goes deeper than the bond issue). Thus, one of the reasons for the lack of public faith.
Here is the question - Do property owners and property taxpayers trust the current administration and PISD board of TRUSTEES with $36.5 million?
As always you will have to draw your on conclusions on the issue of trust.........................................
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