Originally Published: October 3, 2013 6 a.m.
In the upcoming No-vember Special Election, Prescott residents will vote on three issues having to do with Prescott Unified School District (PUSD). I strongly urge a yes vote on the 10 percent 7-year-long budget override, and a no vote on the $28M ($45.5M with interest) bond election. I would have recommended a yes vote on a 20 percent 20-year-long override election for November 2013, but we are being asked to vote on an override and a bond.
Bonds are a waste of money. In this case, approx. $17.5 million would be wasted on interest payments to investors over 20 years. School districts should fund capital improvements directly from real estate tax revenue and state funding, not from bonds. If this override passes or not I recommend another override election be held within a couple of years, and no bond elections!
PUSD is in dire need of additional funding, but bonds should be avoided if at all possible.