Yes Virginia – a bond is a tax – a turd by any other name, will still stink

7 Nov

 

I have to laugh when I realize, some people do not consider a bond a tax.  They don’t see how much it adds to their cost of living.

Measure K asks $60 for every $100,000 of property valuation – with today’s home prices and the assessor jacking up evaluations for permitted work, the average house in Chico is valuated at over $300,000.  We put new siding and a new roof on our old crapper and the assessor added about $100,000 to our evaluation. 

So, that’s an average of $240 a year for the homeowner. 

The district will tell you that’s chump change, but at my house, it’s a lot of groceries. For other people, it’s trips to  restaurants and movie theaters, shopping trips to the mall. If there’s 40,000 households in the city of Chico, that would add up to a little over $9 million in discretionary spending that is about to be sponged up by the school district.

https://noonmeasurekchico.wordpress.com/2016/11/06/cato-institute-bonds-dont-magically-make-these-spending-projects-free-are-the-voters-really-dumb-enough-to-think-bonds-arent-taxes/

 

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2 Responses to “Yes Virginia – a bond is a tax – a turd by any other name, will still stink”

  1. Jim November 11, 2016 at 9:09 am #

    It seems that for many in Chico, the major reason they voted was for the school bonds. There is a video posted on the ER page with a lady saying exactly that.

    • Juanita Sumner November 11, 2016 at 10:52 am #

      People are so gullible. Even worse, they are lazy when it comes to the watch dogging.

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