Thursday, August 19, 2010

Katy ISD bonds, more money for what?

I am a tea Party member, several representatives of the bond committee attended the last meeting to gather info on our group, but here are undeniable facts:

Katy ISD budget facts Source: Houston chronicle 8/15/2010

Employment: 4732 teachers, 3537 non-teachers (57%/43% ratio!!)
New proposed budget: $561.9 million
Estimated revenues: $558.5 million (3 million deficit)
General fund expenditures: $448 million
Start $78.6 million balance (surplus)
Debt service: $85.8 million
Debt service fund revenues: $82.6 million ($3 million deficit)
TOTAL current bond debt : $916,813,286

Property Tax rate base : $20 billion (2.17% higher than 2009)
Tax rate: $1.1266 per $100 valuation And $0.40 per $100 valuation for debt service
Combined tax rate: $1.5266

Enrollment: 60,857 students (4.18% increase over 2009)

My comments - This means that it will take about 10 years simply to pay off the existing debt. If the new bond is passed, the total debt will exceed ONE BILLION DOLLARS. Are they saying we need another $450 million for a 4% projected enrollment increase? How about trimming non-teacher staff levels to a more acceptable 80%/20% ration like a real business would do? The only feedback I get is that"our numbers are better than the surrounding districts" (which are failing miserably). So, we are a step above poor/mediocre? What ever happened to excellence? How about insisting on excellence in fiscal management?

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