So, we've taken out a huge loan and are using the justification of refinancing to explain about a third to a half of it. Then, we're taking out MORE money to pay for other stuff. You can refinance a house without having to build another wing on to it. I read mortgage loans all day long, I'm pretty sure that I'm right about that.
When people think about settling down-- getting married, buying a house, having some kids, etc.-- they often think about the school district in the area that they're going to buy their house in. That also determines the tax base. So, if our public schools aren't as good as ones in the suburbs, then why would people who want to send their kids to public schools buy houses in the city?
So then, it seems that the City of Pittsburgh public schools will have to take out their own loan because they're separate agencies.
This means that city taxpayers would have to pay for the refinanced loan, the new loan and the school loan!
I want my goddaughter to have the same opportunities I did- such as having decent science classes and being able to play an instrument.
I understand that we have infrastructure issues to deal with but do we really need to spend this much money all at once without a dime going to the public schools?
I hate to say it, but I'm pretty disappointed by the City Council representatives who I have supported, volunteered and voted for. You're putting the city under crippling debt and then leaving the city of Pittsburgh public schools out in the cold.
I really do care about the schools and the schools have an impact on our real estate market which also affects our tax base.
So I'm hoping that someone sends me a list of projects and some of those will help the schools. But until then, I'm upset and disappointed.
I don't understand how you stand up and yell at banks for being irresponsible and then put a city under crippling debt. I just don't get it.
Well, if you have a list of projects that will prove me wrong, please send it to agentskamedia@gmail.com. Otherwise, I'm really disappointed by our City Council.
I really want my goddaughter to have science classes so maybe one day she could become an engineer who builds innovative city infrastructures. But that will not happen if we don't help her school to pay for its science classes.
Sincerely,
Agent Ska
2 comments:
The situation with schools is so grim right now, I'm not sure where to start. First, you can't really compare these two things because the School budget is completely separate from the City budget and the city has no control over it. However the State is another matter. And right now things at the state level are totally effed up. In the 2011 budget Corbett made massive cuts to education at all levels. The worst part? But paired with that was a change int eh funding formula so that poor districts no longer received "extra" state funds to make up for a lack of local money. The result was that poor districts had massive funding cuts compared to rich districts. The poorest district in the state Chester Upland, lost over $2000 per student. Fox Chapel? Less than $100. CU is now an example of a total cluster fuck of public education. And btw Corbett's largest individual donor happens to have his charter school corporation and its biggest school located in the district. But Corbett is expected to announce even MORE cuts to public education next week. Suburban schools will not escape either. There is an all out assault by this administration on pubic education. Nothing any individual school or school district does will save it. It is a sinking ship if Corbett gets his way.
A bank does a good amount of background checks on the borrower and examines if he has any guaranteed payday loans default or has some negative remarks on his credit rating. You should have something or someone to fall back upon in case of a cash crisis.
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