Election Date: June 7, 2016

Gilroy Unified School District $170,000,000 BOND Argument Against Measure E

In 2008, Gilroy Unified School District voters approved a $150,000,000 bond measure, meant to “improve classrooms, libraries, and infrastructure”.  Just 8 years ago.

In 2002, voters approved another $69,000,000 bond, meant to “renovate, upgrade, and construct schools in 2002.  Just 14 years ago.

Were the construction projects funded by that $219,000,000 so shoddy that it all has to be done over again?

If so, why should we trust the proponents, this time around, to get it right?

Answer: We shouldn’t.

If you wanted a personal computer for your home or business, would you take out a 30-year loan at an unknown interest rate to pay for it?

That would be nuts, right? Especially because most technology is obsolete in 3–5 years.  But, decades of debt are what Measure E’s proponents want to push on us, with this bond.

Bond interest rates can legally be as high as 12% per year.

Would you go buy a house or condominium without knowing your interest rate?  That would be nuts, right?

But the proponents of Measure E want us to accept that uncertainty, that risk.

And because bond measures are like mortgages — they have to be paid back with interest — what is the real cost of this $170,000,000 bond?

If we assume a 3% rate, that’s $5,100,000 per year, just in interest.

Over 30 years, that adds up to $153,000,000 in interest, plus the original bond amount of $170,000,000, for a total cost of $323,000,000.

What makes schools great?  Great teachers!  Not fancy classrooms or the trendiest computer technology.

By the time this bond is paid off, the technology it funded will be long obsolete, probably rotting in some landfill dump.

Just say NO to more debt.  Vote NO on Measure E.

For more information, please see:

www.SVTaxpayers.org/2016-gilroy-unified-bond-measure

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Gilroy Unified School District $170,000,000 BOND Rebuttal to the Argument in Favor of Measure E

In 2008, Gilroy Unified School District voters approved a $150,000,000 bond measure, meant to “improve classrooms, libraries, and infrastructure.”  Just 8 years ago.

In 2002, voters approved another $69,000,000 bond, meant to “renovate, upgrade, and construct schools in 2002.”  Just 14 years ago.

Were the construction projects funded by that $219,000,000 so shoddy that it all has to be done over again?

If so, why should we trust the proponents, this time around, to get it right?

Answer: We shouldn’t.

If you wanted a personal computer for your home or business, would you take out a 30-year loan at an unknown interest rate to pay for it?

Ridiculous, right? Especially because most technology will be obsolete in 3–5 years.  But, decades of debt are what Measure E’s proponents want to saddle us with, with this bond.

If we assume a 3% rate, that’s $5,100,000 per year, just in interest.

Over 30 years, that adds up to $153,000,000 in interest, plus the original bond amount of $170,000,000, for a total cost of $323,000,000.

What makes schools great?  Great teachers--not fancy classrooms or the trendiest computer technology.

By the time we pay off this loan, the technology it funded will be long obsolete—in a museum if it’s lucky, but more likely rotting in a landfill.

If you support children, teachers, and education, but oppose decades of debt, just say NO to Measure E.

For more information, please see:

www.SVTaxpayers.org/2016-gilroy-unified-bond-measure


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