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Ruth Beier Testimony HB 5963
Ruth Beier Testimony HB 5963
Ruth Beier Testimony HB 5963
And if spent this way, will lead districts to insolvency and state take over.
A complete fabrication, find a district that has done this in the last decade.
Fund balances are remnants of Prop A and are eroding rapidly.
In what world is it OK to throw away 1.24% of your funding on top of the
cuts that have already been made? This is the height of irresponsibility.
What about tax payers that are dealing with 10%, 20% salary cuts,
reductions in benefits, and economic uncertainty? Many districts have tried
and taxpayers have rejected sinking funds. They already pay too much in
taxes and never see any "shared sacrifice" from the public sector, this just
validates that view. Existing fund equity is the ONLY way these types of
expenses will be paid.
Districts are spending equity. Smart
districts will do so with a purpose with
help from their employees. Districts that
spend without a plan will be bankrupt and
taken over by the state. Without cost
cuts, the rain will drown us.