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SM-Measure L - San Mateo
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Elections June 2016
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Argument Against San Mateo High School District $385M Bond Issue: Measure L
How greedy can you get?
In 2010 voters approved $186,000,000 in debt to “Provide classrooms” and in 2006 they approved $298,000,000 in additional debt to “Build new and replace old classrooms”.
Now they want another $385,000,000 to do the same things all over again???
Do schools really need upgrading every four to ten years?
Have they even spent the $186,000,000 from the 2010 bond or the $298,000,000 from 2006?
If not, why are they asking for more of your hard-earned tax dollars?
When bond debt measures like Measure L are put before the voters, they are admitting that everything they are currently spending your tax dollars on now, is more important than the projects for which this tax increase is being sought.
Budgets set priorities. San Mateo High School District is saying every educational dollar spent today is going to a higher priority than to "provide classrooms".
Do you agree?
The website: www.ed-data.org shows at least 9,484 students in the district, which means this bond expense is $40,594 per student, on top of the $19,611 per student expenses from 2010 and the $17,534 per student in the annual school budget.
Would you take out a 25-30-year loan to buy a personal computer? Nuts, right? But that’s what the District wants you pay for now, like they did in 2010. They issued bond debt to purchase technology in 2010 that is now obsolete, but you are still paying for it.
You deserved to know the full truth about measure L.
If you value school maintenance more than making principal and interest payments for 25-30 years, vote NO on Measure L.
Remember, financing school projects via bonds, routinely double the cost of the project. And purchasing technology via bond debt is just nuts!
Also endorsing a NO vote is:
Tom Weismiller, San Mateo City resident