Tumwater School District is proposing the use of $10 million in bond funds for technology. When they issue the bonds, they pay a fee on the issuance of the bonds and will in all likely not get the full face value ($10 million) of the bonds to spend on technology. Then they expect us taxpayers to pay interest on the original amount ($10 million) of the bonds over a six-year period.
So why buy technology with bonds and still be paying the bonds off when the technology is out of date? A better process, and more prudent, would be to run a capital projects levy (technology levy) for six years and use current dollars collected to pay for the technology. The levy dollars are collected over six years and that should allow for the necessary technology to be purchased over time.
No additional fees to be paid and no interest to be paid on the money by the taxpayers. Vote no on the Tumwater School District bond election on Feb. 11.