The Auburn School District is demanding a massive $491 million bond package to build three local schools, averaging a staggering $163 million per individual facility. Meanwhile, the neighboring Tacoma School District is successfully building eight separate schools for an average total cost of $66 million each.
The new Lowell and Whittier are modern, state-of-the-art elementary schools for under $50 million each. However, Auburn demands a whopping $118 million to demolish, design & build Alpac Elementary. This massive cost discrepancy begs an obvious question: where exactly is the other $68 million going for this school alone?
Furthermore, the district's advertised $1.10 property tax rate completely fails to cover repaying the $491 million principal plus the $350+ million in interest debt. Repaying this massive accumulated interest forces true initial rates up to $1.93 per $1,000, exposing a huge gap between the advertised numbers and the harsh financial reality.
Working families and honest local people are barely getting by in today's tough economic environment. The school district must bring local taxpayers a reasonable, fiscally responsible request instead of pushing over-inflated, expensive dreams that place an unfair, heavy financial burden on our entire community. Vote No
Statement submitted by: Eric Petersen