I voted “NAY” for “Tempe Elementary Schools Bond” because bonds are an instrument of debt and we need to stop spending money we don’t have.
The state of Arizona is broke and many of the cities in Arizona aren’t in any better shape. Given the depth of today’s economic uncertainty (e.g. I’m not certain I’ll have a job next year), I believe local taxes are going up. I also believe that the federal government will be increasing “taxes.” Just yesterday I heard Valerie Jarrett say: “The President doesn’t want to raise taxes.” Hmm… Why didn’t Valerie (a senior assistant to Obama) say “won’t” instead of “doesn’t want?”
Passage of the $77,000,000 Tempe Elementary Schools Bond will result in a tax increase and the estimated Average Annual Tax Rate will be $0.2174. This tax would increase our cost of living by $35 per month.