“My goal is to do everything I possibly can so when voters go to the polls in November, they know what a ‘yes’ vote means and what a ‘no’ vote means.”
These, the words of Cambridge-Isanti School District Superintendent Queener, are like the rhetoric of so many other school bond referendums I’ve observed before. The rhetoric employed is always certain to paint a rosy picture for voters by showing them all the brand new, shiny goodies they’ll get if they only approve the bond issue, but are woefully lacking in terms of full disclosure.
That being the case, I will also describe to voters what they get should they vote to approve this bond.
A vote to approve the bond means increasing your property taxes to pay off those who purchase the bonds. The bonds will be underwritten by a financial services firm, one of the “too-big-to-fail” Wall Street investment banks that already got billions of our dollars when they were bailed out by the federal government a mere handful of years ago. Those firms will take a nice profit from our $10 million.
So, before you consider approving this bond based on the fleeting promises of material goodies, ask yourself, do you really want to raise your property taxes so that some too-big-to-fail Wall Street investment bank can line their pockets and enhance their bottom line? Do you really want to go into debt for their benefit and profit?
Voting “yes” to approve the bond will do just that.