Thursday, October 22, 2015

Another $160.6 Million in Debt for Georgetown Taxpayers? Thanks Georgetown ISD

Has anyone noticed that the voters of Georgetown are being asked to approve another $160,600,000 in debt to build and refurbish schools in Georgetown ISD?

We will have some insightful financial analysis in the coming days. In the meantime notice that according to The Sun paper, $8650 has been raised by a political action committee to convince the voters to approve the bond package at the November 3, 2015 election. Voters should also be aware that $5,000 of the $8650 was contributed by contractors, architects and engineers and that 3 of the 4 contributors are from outside of Georgetown!  Follow the money folks if you want to know who benefits financially.  Frankly, $5,000 for a piece of the $160,600,000 pie seems really cheap (sarcasm).

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