Letter: Will we increase state debt to improve education funding?

Editor:

This is a letter to the students of schools affected by Red for Ed. I’d like to suggest a vocabulary word for you; Austerity. Austerity is a verb to describe government financial restraint and accountability.

Your teachers say they need more money to educate you, and they may be correct, I don’t know. I do know that the state government doesn’t have the money educators are demanding.

If the budget increases are approved the state has two ways to fund them; tax increases, which don’t happen overnight, or by incurring more debt, which does happen overnight.

I’m betting they’ll use debt. The fact is, our state is already $16 billion in debt. Debt is the most expensive way to finance spending.

That debt will be paid back with interest, by future taxpayers, and that my friends, is you.

Derek Hofstetter

Camp Verde

Comments

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kidsareworthit 4 months, 2 weeks ago

Wow Derek, then you must REALLY be concerned with the tax bill republicans passed. It's going to add 1 billion to our debt by 2020!

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pinonbistro 4 months ago

Yes, it takes money to fund education. Something Arizona has refused to do for many years. There was a time when our education system was among the best in the country. Now it's among the worst. This is a direct result of the Governor and the legislature refusing to allocate the necessary resources. There are many ways to address this without increasing debt: the lottery, Arizona state trust lands, re-allocation of state sales tax revenues, and analysis of county property taxes for example.

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