Sat Jul 31 2010
The current economic climate has forced many families to cut back expenditures. We have cut back on our leisure time activities, eating out and postponed vacations. In short, anything that is not essential to the continuance of the household.
Now here come our school administrators asking us to give them more money.
It seems to me their justification is that it will "only" cost the owner of a $200,000 home a paltry $390 extra per year.
Which really translates to about an extra $500 a year for someone with a fairly nice home.
The administrators calculate they will drain their coffers in three more years.
Well, here is a tip. Start right now to live within your means so you do not exhaust your cash reserves.
You just can't keep asking for more and more because eventually you will reach the point where people cannot afford to pay their taxes and lose their homes to the tax man.
The argument that good schools raise property values will cease to be true because there will be no one who can afford to live in a private home in this area.
What about the people on fixed incomes who have lived all their lives in this area?
Where are they going to come up with more money to pay taxes on their homes?
Learn to do more with less. We in the private sector have had to learn to do so.
John J. Meredyk
Sagamore Hills
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