Reply to School bonds on November ballot

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]Bond debt payments (both principal and interest) is [b]only 10% [/b]of the general fund.[/quote]

This does not send the message you think it sends.[/quote]

Bond payments being only 10% of the general fund is incredibly good, actually. It is much higher in other counties. [/quote]

So, you would be thrilled if your car payment was only 10% of your financial assets?[/quote]

Building a new school is more like a mortgage on a home than it is a car loan. But thanks for pointing out how great it is that Fairfax County is spending only 10% of the general fund on debt, considering most people's home payment is around 30% of their income.[/quote]

In a county the size of Fairfax, this sounds much more like a family spending 10% on a car loan.  One school out of hundreds of schools is hardly the equivalent of your home mortgage to your budget.  Remember, schools are over 50% of the budget in Fairfax. To spend 10% on bonds, is additional.  And, interest rates are significantly higher than they were.[/quote]

Most county governments are spending way more than 10% on debt. And at much higher interest rates than Fairfax County pays. I used to live in a city with terrible schools that was paying over 30% of their budget on debt services. They had a BBB rating. Fairfax has better schools while spending less on debt, at a lower rate due to the AAA rating.[/quote]

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