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Here is our new flyer.
Download and distribute from here: GOUGED_flyer_against_RRISD_Bonds_Oct2008.pdf
PLEASE SAVE OUR CHILDREN FROM
OPPRESSIVE DEBT and TAXES!
VOTE: NO BONDS!
New School Needs are exaggerated!
- Migration into the RRISD is slowing, housing starts are down,
foreclosures are up, and elementary students as a percentage of the
total student population will not increase beyond 50%. At most we need
ONE new elementary school.
The Financial Markets are in turmoil, Fraud still exists!
- According to Bloomberg.com, FBI Probe of JPMorgan Fees Focuses on
Swaps Roiling Municipal Debt, "…New Castle Area School District's
interest rate on $9.7 million of financing arranged by JPMorgan hit
10.6 percent, more than
doubling since the month began, as investors demanded skyrocketing
returns for municipal debt." Even school district bonds have been
affected by financial instability around the country! Source: http://www.bloomberg.com/apps/news?pid=20601109&sid=aIL9gsK5wG40&refer=home
- Frisco ISD sold bonds at 6% in October, 2008. Approval of the
November 4th Bonds authorizes the District to pay the bond market
interest rate, whether it's 6%, or 16% or more considering the
extremely volatile and unstable financial markets.
RRISD is misleading voters on the Bond cost and higher taxes!
- The debt tax “buy down”, referred to in “…buy down the tax rate
to $.34 through 2011”, means the district will divert tax money already
collected for existing debt to temporarily lower the tax impact of new
debt. This “buy down” permits the district to say the new debt cost is
“… estimated to be $3.83 per month.” Assuming an October, 2008 constant
market bond rate of 5.5% over the next 30 years, the new debt costs
today’s $200,000 homeowner $17.15 per month. The real monthly cost of
$300 million of new debt, at today’s bond market rates, is $17.15, not
$3.83! If economic conditions worsen, the $17.15 could increase to $32.
Source: http://www.roundrockisd.org/home/index.asp?page=3210
- Taxpayers are already legally bound to potential debt tax rate
increases from the existing $.31 to $.50 per $100 of valuation (from
$620 to $1000 on $200,000 home per year), an increase of nearly $32 a
month ‐ not just $3.83 per month as the District claims. Source: http://www.oag.state.tx.us/opinions/opinions/50abbott/op/2003/htm/ga0009.htm
- Debt per student in RRISD is already over $15,000. Kindergarten
students of 1993 are still paying interest and principle on debt from
that year!
RRISD spends money foolishly and doesn’t deserve more!
- Less than 45% of the revenue is spent on instruction ($9,093
revenue per pupil; $4,081 per pupil is spent on instruction.)
- Teachers are paid significantly less than “support staff” – let
alone administrators! (see reverse for salary rates)
- RRISD’s completion rate is 86% (so the dropout rate is really 14%)
- Teachers comprise only slightly more than half the district staff.
- RRISD is rated only academically “Acceptable” which is second
from the bottom.
The Headlines* Say It All
(*
Austin American Statesman)
Housing
- Area Home Sales Drop for 14th Month in Row September 19, 2008
- Foreclosures Up 31% Locally [Austin area] for November; Up 44% in
Travis County from 2007; Up 37% in Williamson County October 18, 2008
- Credit Crunch Squeezing Area Homebuilders October 12, 2008
- Housing Price Fall Predicted October 21, 2008
Government Financing
- City [of Austin] Girds for Financial Crisis October 17, 2008
- Interest Rates Delay Taylor, Other Cities from Issuing Bonds
October 18, 2008
Jobs
- Job Losses Continue to Mount October 4, 2008
- Area Jobless Rate Hits 4.7% October 18, 2008
Economy
- Credit Tightens, Fears Grow, Economy Slows September 19, 2008
- Doubt Drags Down Hope for Recovery October 5, 2008
- Dow From Boom to Bust October 10, 2008
- State Economy May Slow October 18, 2008
We’re in
an economic crisis. We’re all getting hit. We’re all having to
sacrifice.
RRISD’s response to the crisis:
- Approve a 2008‐09 operating budget of $311,000,000, even though
it’s already $1,600,000 in the red.
RRISD Public Meeting on Budget and and Tax Rate, June 24, 2008 at https://www.roundrockisd.org/docs/2008‐2009_budget_hearing_and_adoption.pdf.
- Pull $15,000,000 out of its reserve fund (savings account) for
capitol projects including a new technology data center, “even though
the new football stadium has an information services area, fire‐rated,
for storage of data and information and to maintain continuity of
service should the district’s computer servers or network be affected
in any way and also available for lease to other organizations or
businesses for data storage capabilities.” paraphrased RRISD’s New
Football and Soccer Stadium, previously at http://www.roundrockisd.org/athletics/stadium/newstad2.htm#Basic;
RRISD Board Meeting Minutes 11/13/07, 9/18/08.
- Increase the superintendent’s salary from $204,600 when first
hired to $243,080 today plus pay retirement benefits totaling $14,097
and allow 2 vacation days earned a month at rate of $1075.58 a day.
RRISD Board Meeting Minutes 1/11/06, 2/20/07, 7/17/07, 2/12/08, 7/17/08.
- Pay 23 administrators over $100,000 a year; 17 between $90,000 to
$99,000, 41 between $80,000 and $89,000 and 51 between $70,000 and
$79,000. From 2008/09 Annualized Administrative Salaries.
- Pay architects for construction projects at percentages of
construction costs
- Spend almost $300,000,000!
Here is our new Yes Donors
flyer. Please download and distribute it: PDF Version MS word *.doc Version
LOOK
WHO’S PROMOTING THESE BONDS
AND
PAYING FOR ALL THAT PRO-TAX ADVERTISING!
I’ll bet you
already guessed it! It’s the people who will PROFIT
(at your children’s expense…plus
interest) from this multi-million dollar proposal. The bankers,
civil engineers, architects, construction companies, industrial
equipment firms, title companies and lawyers that will line their
pockets while our children will be repaying the debt - plus interest
- until our children’s children are in school!
THE SPECIAL
INTERESTS OF THE BOND PROPOSITION
URGING YOU TO VOTE YES (and line
their pockets in the process)
- Bartlett-Cocke (construction firm) -
$2,500;
- Brown & Butler Construction Inc. (construction firm) -
$2,000;
- K.A. Hickman Architects & Interior Designs (architectural
firm) - $2,000;
- O’Connell Robertson (architectural-engineering
firm) - $2,000;
- Graber, Simmons & Cowan (architectural firm) -
$1,500;
- Alliance Geotechnical Group of Austin (engineering firm) -
$1,000;
- Brath General Construction (construction firm) - $500;
- Bury
& Partners Inc. Engineering Solutions (engineers) - $500;
- Jamail
Construction (construction firm) - $500;
- McGinnis, Lochridge &
Kilgore, LLP (law firm) - $500;
- Chasco/Chaz Glace (construction firm)
- $250;
- Heritage Title Company of Austin (title company) - $250;
- Round Rock Industrial Equipment - $250;
- Summit Commercial Industrial
Properties (real estate) - $250;
- Robert Allen – of
Cunningham-Allen, Inc. ( land-surveying and civil engineering firm,)
Anchor Ventana (architectural glass supplier) - $200;
- Roy Beard –
member, Zoning Board of Adjustment (real estate) - $100;
- Frost
National Bank (banker) - $100;
- Catherine Hanna (lawyer) - $100;
- John
Lewis – Real Estate Council of Austin (real estate) - $100;
- Pena
Swayze & Co. LP (accounting firm) - $100;
- Plains Capital Bank
(banker) - $100; William Romans - with First State Bank Central Texas
(banker) - $100;
- Sheets & Crossfield P.C. (lawyer) - $100;
- Union
State Bank (banker) - $100.
CONTRAST THIS
WITH
THE “HONOR ROLL” OF ADVOCATES FOR OUR TAXPAYERS AND CHILDREN
URGING YOU TO VOTE NO!
Groups
Opposed to
Unsustainable Government Education Debt (GOUGED) – which includes:
- Americans for Prosperity
- Save our Taxpayers
- Williamson County
Campaign for Liberty
- Liberty Homeschool Network
- Travis County
Republican Liberty Caucus
- Austin’s Taxpayer Advocate and
Candidate for Tax-Assessor Collector, Don Zimmerman.
Round Rock, Williamson County debt outpaces other
Texas
locales
Many
taxpayers are unaware
that we are leaving our children a legacy of debt... local
government debt and higher taxes, that is. It's not the legacy
most
Texans want to leave their children.
AFP-Texas is
traveling the
state providing information on why we need a tax and expenditure
limitation at
the local level. We were in Round Rock this week and provided
taxpayers
with some revealing numbers on local government debt. Williamson
County
residents: your local government debt is above the state average, and
is
climbing.
http://www.americansforprosperity.org/index.php?id=6436
Dear
Taxpayer,
The
RRISD is on a $15 million
spending spree, part of it for a new technology data center. This
sudden
expense was voted in a meeting, which was not recorded, and with no
advance
notice other than the required meeting posting.
Even
more
money will be spent on the project. On September 18, 2008,
without any
discussion, approved on consent, the board approved $8,640,064 of
your
tax dollars for the construction of the data center and amended the operating
budget for $1,900,000
for
additional construction costs.
Two questions arise:
1)
Why
is there a need for a new data center when the $27,000,000 football
stadium has
a such a center already? Back during the 2000 bond campaign,
supporters
claimed that the stadium would also contain a data warehouse beneath
the home
stands which would avoid costs for additional land and an independent
structure
to house it. The stadium was built, and the RRISD later stated
that
"the new football
stadium has an information services area, fire-rated, for storage of
data and
information and to maintain continuity of service should the district’s
computer servers or network be affected in any way and also available
for lease
to other organizations or businesses for data storage
capabilities."
2) Why weren't voters
asked if they
wanted to spend $15,000,000 of their money on a data center and other
projects? The $15 million was taken out of the maintenance
reserve
fund. This is money that could have been used for the classroom
and
teacher's salaries. This data center should have been put in the
bond
package for voter approval. Taking our classroom money the way
RRISD did
is circumventing the will of the voter.
This time you have a say. Vote
NO to another spending spree of nearly $300,000,000.
http://www.rrleader.com/main.asp?Search=1&ArticleID=17506&SectionID=1&SubSectionID=1&S=1
The Round Rock
Leader 12/5/2007
MORE
DOUGH TO EXPAND
School
districts consider funding for new facilities
LAURI
ZACHRY, Education
Reporter
<snip......>
During a
called board meeting Nov. 13, the RRISD Board of Trustees
allocated
$15 million from the district's fund balance for three capital projects
-
including the expansion of the district's Great Oaks Central Kitchen.
The board approved using the fund balance to expand the central kitchen
and its
warehouse and maintenance facilities to better meet the needs of a
growing
student population.
The present location of storage space for the Great Oaks Central
Kitchen is
just space employees can find at the kitchen.
Currently, the RRISD student population is growing at a rate of 3
percent a
year. This year, there are approximately 40,000 students enrolled in
the district.
The current Great Oaks Drive Central Kitchen was constructed in 1978,
said
RRISD Superintendent Jesus Chavez.
"Technology has changed since the central kitchen was built," Chavez
said. "We are having trouble finding parts for our oven there and we
have
concerns for our freezers there."
Construction at the Great Oaks Drive Central Kitchen location will not
interfere with the day-to-day operations because the new central
kitchen -
complete with a new bake shop - will expand to the west of its current
location.
Once the new kitchen is completed, contractors will convert the current
kitchen
facilities into storage, warehouse and larger cooler facilities.
The district will use funds to create a new management information
systems
facility on the 12 acres currently next to the Cedar Valley Middle
School
football stadium - southeast of the middle school. The new facility
will
feature safety measures to keep data warehouse and electronic student
information secure. The current facility is located adjacent in the
district's
central administration offices on Lake Creek Drive. The district has
outgrown
this current space.
Included in the $15 million is $1 million allocated to place projectors
in high
school classrooms. In 2006, voters approved placing projectors in high
school
core-curriculum classrooms. The money allocated from the fund balance
will
ensure all high school classrooms are equipped with projectors.
The state allows districts to use its fund balance for one time
expenditures or
capital needs. Over the last several years, the RRISD fund balance has
grown
due to conservative budget preparation and budget management. Districts
must
maintain at least three months of operating expenditures in the fund
balance.
Chavez said this is the first time RRISD has used fund balance reserves
for
capital improvement projects in two years.
Paid
political advertising by GOUGED
PAC, 13219 Research Blvd, Unit I,
Austin, TX 78750, Don Zimmerman, Treas.