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Hays Free Press
Kyle, Texas
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May 1, 2013     Hays Free Press
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May 1, 2013
 

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Hays Free Press May 1,2013 OPiNiON Page 5A 4- THE EDITOR LOOKING AT ISD DEBT Voter-al~proved ISD debt in Texas has soured to new heights. Exponential growth in the size of schools has not resulted in exponential new capacity. The taxpaying public is once again questioning the judg- ment of our temporary superintendents and their school board enablers. Public school debt increased by $43 bil- lion (215%) since 2000 while enrollment growth was 34%. Annual debt service obli- gations have increased by $3.294 billion. As of 8/31/2012, ISDs reported $63.1 billion in debt principal outstanding and $106 billion in total obligations. This fiscal year ISDs will pay $5.235 billion for debt service. C.S.H.B 14 by Rep. Pitts attempts to place context to these bond measures by provid- ing more accountability and transparency into the process requiring educational institutions to report information on facil- ity usage and taxpayer value. Among other things, it will require educational institu- tions to report gross square footage, class- room square footage and cost per square foot when built. It's about time! Hays CISD is swimming in debt and has a $0.42 debt service tax (if we hit $0.50, no more debt can be issued); it has been forced to transfer millions from instruction in order to make debt payments because it promised no tax rate increase with the 2008 bonds! The majority of the 2008 debt is not being repaid at all until 2030! That's right, by pay- ing interest only payments until 2030, were going to pay another $65 million in inter- est! To be fair, this debt will be refinanced before then so we can repeat this costly refinancing and debt deferral technique on a subsequent bond issue. This scheming costs future generations and impairs our ability to offer competitive wages today. Why do we need extravagant facilities for 180 days out of the year? Why do we accept empty classrooms for duty free lunch and teacher planning periods? HCISD has spent over $80 million since 2000 with zero gain in capacity. We've even used bond proceeds to provide below market housing for sitting school board members! If you want more transparency and ac- countability in the bond issuance process, hope C.S.H.B. 14 passes! Bryce Bales Manchaca City of Kyle Public Ordinances + ORDINANCE NO. ?20 AN ORDINANCE CALUNG A BOND ELECTION TO BE HELD WITHIN THE CITY OF KYLE, TEXAS, MAKING PROVISION FOR THE CONDUDT AND GMNG NOTICE OF ~ID ELECTION; PROVIDING FOR THE COMBINING OF THE BOND ELECTION IN CONJUNCTION WITH THE GENERAL ELECTION; AUTHORIZING A JOINT ELECTION WITH OTHER ENTITLE8 HOLDING ELECTIONS ON THE SAME DATE IN THE TERRITORY OF THE CITY; ANO CONTAINING OTHER PROVISIONS NEOES.~ARY AND INCIDENTAL TO THE PURPOSES HEREOF WHEREAS, the City Council of the City of Kyle, Texas, hereby finds that a ~.~el elecben shoule be held to determine whether said governing body shall be authorized to issue bends of said City in the amount and for the purpose bereinatter iden~ed (the "Speaal Bond Election'); and, WHEREAS, the City Council (the "City Council ") of the City of Kyta, Texas (the "City'3 has heretofore found that a city general election shall be held on the 11th day of May, 2013, wherein the electors of the City shall vote on the blectlen of public officials and Other matters (the "City General Election"); and WHEREAS, ~e City Council has made promion for the conduct of the City General Election, and orty special elections of the City, including an election to authodxa issuance of bends, to be conducted j0indy ~ other pblitical subdivisions holding eledk~s on the same date in the terdtoP/of the City under ths sutho~ of Texas Election Code, Chapter 271; and, WHEREAS, the City has made Wovleion to ~ with the Hays County Bections Adminisgator to conduct the City's general etac~co and spatial bond election, pursuant to Chapter 31, Subeheptar D, of the Texas Election Code and Chapter 791 of the Texas Government Code (the "Eta~on Agroeme~'); end, WHEREAS, the City Council hereby finds that it is in the public interest that the City General Election and the Speaat Bond Election be conducted ss one elantion. THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF KYLE, TEXAS: SECTION 1: ~ Ti ' A special eldciJon shall be held between the hours of 7:00 A.M. and 7:00 P.M. In the City of Kyta, Texas on the 11th day of May, 2013, which data is seventy one (71) or morn days from the date of the adoption of this Ordinance and is nat lass than fifteen (15) nor more then ninety (90) days from ~e date of the adop~cn hereof. All resident qualified Macto~ of the City shall be bemlitted to vote at the slacken. SECTION 2: Pro~sifi~. At such election the following measure shall be submitted: "SHALL the City Council oftbe City of Kyta, Texas, be au~orized to issue bends of said City in an amount not to exceed $36,000,000 for the purgeee of providing funds to plan, design, consb'uct, extend, expand, repair, and improve the foflowing City Streets: Benton Creek Road, North Bodason Strest Gofor~ Road, Lehman Reed, and Marketplace Aveeue, including related sidewalk, uSl~, drainage, bridge, interchange, intaranctJon, grade separation, lighting, and signaliza~on improvements: and land acquisition therefore ouch bonds to mature serially Or othelwise over a period not to exceed thirty (30) years from their data, to be issued and sold in one or more series at any I:mCe or prices and to bear interest at any rata or rates (fixed, floating, variable or otherwise) not exceeding the maximum rate presonbed by law as shall be determined within the discre~on of the City Council at the lime of issuance or sata of the bends; and shall the City Council be authorized to leW ad valorem taxes upon all taxable property tn the City suffident to pay the annual interest and p~de a linking fund to pay the bonds at maturity?" Ballot. A single ballot containing the meuum in this sbecisl elsotion as well as any races in the general election of ths City and other races or measures of the City In the joint bleclJon, shall be prepared in accordance with the Tsxas Etac~on Code so as to permit qualified etactors of the City to vote "FOR" or "AGAINST" the aforesaid mnesum, which shall appear on the ballot substanaally as follows: PROPOSITION [] FOR E] AGAINST THE ISSUANCE OF $36,000,000 GENERAL OBLIGATION BONDS FOR STREET IMPROVEMENTS TO BUNTON CREEK ROAD, NORTH BURLESON STREET, GOFORTH ROAD, LEHMAN ROAD, AND MARKETPLACE AVENUE, AND THE LEVY OF A TAX IN PAYMENT THEREOF ORDENANZA No. "t ~ o UNA ORDENANZA ORDENANDO UNA ELECCI(~N DE BON06 PARA LLEVARSE A CABO DENTRO DE LA ClUDAD DE KYLE, TEXAS HACIENDO PROVIelONES PARA LA CONDUCTA Y DANDO ANUNCIO DE DICHA ELECCI~N; PROVEYENDO PARA LA COMBINACI(~N DE LA ELECCI{~N DE BONO8 CONJUNTO A LA ELECClON GENERAL; AUTORIZANDO UNA ELECCI6N 0E COMON CONTRATO CON OTRAS AUTORIDADE8 LLEVMIDO A CABO ELECCIONE$ EN LA MI,SMA FECHA EN EL TERRITORIO DE LA CIUDAD; Y CONTENtEN00 OTRAS PROVlSIONES NECESSARIAS E INCIDENTALES AL PROP(~ITO DE ESTO MIENTRAS QUE, el Concelo Municipal de II Quded de Kyle, Texas, per este medio descubre que uns elecck~ especial debe Ilevarse a cebo 10am determthar s~ did~o cuer~ 9ubamamenteI ser'a autorizudo a eR0edir borms de dicha Ciudad en la centdad y con el prop~ito a centin~ identtficedo (IS eElecotdn Espe~al de Booos,), y, MIENTRAS QUE. el Concejo Municipal (el sCorcejo Municipals) de I1 Ciupad de Kyle, Texas (le Ciudads) ha encontrado previamente qua una elecddn general de Is dudad ser~ Hevade a cede el die 1 ! de mayo de 2013, e~ deride los el~tores de la Ciude~ votar~n en la e~ecci~n de ofidales pdbanos y o~s sustancias (le =Elecd~ General de la Ctuded~); y MIENTRAS QUE, el Concejo Munidpal ha hecho provigones psra la conducta de ta Elec~n General de la Ciuded, y cualquier elecd6n espedal de la C~ded, induyendo usa elecck~ pars autorizar 18 expe~d~n de bones, pare set ccoductde coniuntamente con oh'as subdivismrms pot|tices ce~brando ele001ones en la rr~,rna fo~a en el tenfforio de ta C~udad bajo la autedded ~el C~igo de Eiecciones de Texas, CaptMo 271, y, MENTRAS QUE, la dudad ha hecho pro~tones pare contratame con la Administred~a del Condado de Hays pare condudr la elecoi~Y~ general de la Ciuded y Is decddn aspedal de b0nos, conforms al Cep(fulo 31, Subcep~lo D, de] C6digo de Elecdones de Texas y al Capflulo 791 des C.~d~go del Goblemo de Texas (el Contmt~ de Ser~cio de Elecdones=), y, MIENTRAS QUE el Consejo Municipa~ per esta medlo descut~e qua es de intents p01~ico qua la Beccidn General de la eluded y la Eleccidn Espaoal de Bones eean con~ucidss come usa elecoi0n. AHORA ENTONCES SEA DECRATADO PeR EL CONCEJO MUNICIPAL DE LA CIUDAD DE KYLE, TEXAS QUE ~(~.j.: Convocec~6n de la Elecc~b~ F cha H~_.C=el~. Usa eleccidn especial se lleva# a cede entre las horse de las 7:00 a,m. y las 7:0~ p.m en la Ci~dad de Kyle Texas el 1 t de mayo de 2013, cusi dichs fecha cee a setenta y un (71) o m~s dies de la fecha de la edopc~n de esta Ordenanza y no oae en manes de quince (15) ni Inas de neventa (90) alias de la focha de la edopc~bn de sate. TUdO residents elector ca~flcado se~ pem~itido a voter en b eleceibn. ~_22.: ~= En let ekcc~bn la siguiente propuesta ser~ submittals %SERA el Conc%o Municipal de la Ciudad de Ky~e, Texas, auto.ado a expadir bones de dichs Ciuded en una cent