And certainly not if you are already spending an additional $170 on #1.
Sent from my iPhone
“... With the upcoming bond vote that will hopefully set aside money to fund a new 6-lane track at Reynolds Field, and our new relationship with the Armory Track Foundation in NYC, it is clear that track in Hastings in on the rise.” Neal Rosengren, Coach
And remember, this is the compounded interest payment we are looking at.
--
http://Rushkoff.com
Rush...@rushkoff.com
@rushkoff
Thanks to those of you who have shared information about the new bond proposal. I would like to briefly explain why I plan to VOTE NO on both propositions.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
I strongly support the need to fund capital improvements to the buildings, and would have gladly supported a bond in the amount of $4 million to do so. However, spending another $4.5 million on a series of investments in the athletic fields is excessive and unjustified. In particular, the $2.7 million expenditure at Reynolds is way beyond what in my view is necessary or reasonable. There was a very modest proposal in the first round of planning to repair the track and the grass, and that is what I believe should have been put forward.
Good morning XXXXXXXX! You and I absolutely agree on one thing....that the public has not been well informed on how this two proposal vote will work....So I hope that when each person arrives to vote they will be thoroughly informed before stepping in to cast their vote or votes as the case may be.
With respect to the Gap Elimination Adjustment (GEA), mentioned in the post below, I urge you all to check out our PTSA's take-action link, where you can send an electronic letter to Governor Cuomo and our legislators asking them to restore the funding we are due. (It's really easy and quick.) Albany has been depriving our district and others throughout NY of promised funds for several years now, totaling in the 7 figures just for Hastings alone. If we had this money restored, we could actually LOWER taxes. Both houses of the legislature have shown signs of being open to restoring our funds (meaning ending the Gap Elimination Adjustment - the terminology is very confusing) but Governor Cuomo seems set against it.
The state budget is being determined now, so the time to act is now. Also, this is an election year for Cuomo, he would be wise to listen to his constituents. Here's the link to the electronic letter and GEA info:
http://www.hohschools.org/cms/lib07/NY01913703/Centricity/domain/4/advocacy/pageA_2-26.html
Lisa Litvin (Co - President, HOH PTSA)
-----Original Message-----
From: David Skolnik <davids...@optonline.net>
To: Reynol...@googlegroups.com <reynol...@googlegroups.com>
Sent: Mon, Mar 24, 2014 8:12 am
Subject: Compound interest and other costs
In initiating 'very brief survey' thread, I genuinely was curious to know, specifically, about peoples' interaction with the 3D models that were provided, albeit belatedly. I realize (now) that the questions about attendance at previous or upcoming information meetings were tangential distractions, unintentionally so. Doug warned me that people don't like surveys, even little ones, and he is probably correct, so, my apologies to anyone bothered by the questions, and thanks to those of you who responded.
I'm not sure I understand the 'compound-interest' distinction, but I don't believe the debt payment (principle plus interest less State rebate(?)) is really the issue. I'm willing to be corrected, but I'm concerned about:
a) the real on-going costs of proper (i.e.1st class?) maintenance and repair of 5 fields and a new ?-foot-long sidewalk, on Chauncy
b) costs of any program expansion, afforded by additional capacity (as hinted at by reference to our 'new relationship' with the Armory Foundation
http://www.hohschools.org/site/default.aspx?PageType=3&DomainID=4&ModuleInstanceID=306&ViewID=047E6BE3-6D87-4130-8424-D8E4E9ED6C2A&RenderLoc=0&FlexDataID=3836&PageID=1
which says:
“... With the upcoming bond vote that will hopefully set aside money to fund a new 6-lane track at Reynolds Field, and our new relationship with the Armory Track Foundation in NYC, it is clear that track in Hastings in on the rise.†Neal Rosengren, Coach
And remember, this is the compounded interest payment we are looking at.
--
http://Rushkoff.com
Rush...@rushkoff.com
@rushkoff
On Mar 23, 2014, at 5:27 PM, Susan Cooper <susanp...@yahoo.com > wrote:
Westchester remains the highest taxed county in the nation. Taxes doubled in ten years. When I hear the refrain "it's a small amount of money", I think of the Benjamin Franklin quote " small leaks sink great ships". Interest compounds on these small amounts of money and everyone wants "just a little bit more" including the school board.
Susan Cooper
Sent from my iPhone
I don't think the vote is all that confusing. It is, however, really easy to express the options in confusing ways. So it's a structure particularly *vulnerable* to confused retellings.
But if people read the sentences, it's pretty clear.
1. Yes or No to bond
2. Yes or No to additional expenditure on tiered fields if the bond passes.
I think people are smart enough to parse that much.
What's more difficult, however, is for people to evaluate whether Hastings school taxes have been going up or going down over the past few years. Or whether the new bond raises or lowers our outstanding liabilities compared with the bonds being retired. Or if people understand how the State caps on school tax now work to prevent an increase, anyway.
And it's even harder to see these realities effectively when we're caught up in our personal hopes for keeping taxes low or keeping the schools top rate.
As someone who cares first and foremost about his daughter's education, I tend to vote for what the elected Board recommends - assuming that they have studied these issues better than I can. And while the original bond felt rather aggressively promoted, which rubbed me the wrong way, this one has been created in response to significant community input.
Of course, it's up to the community to decide if the Board is trying to maintain too high a standard.
--
http://rushkoff.com
Sign up for RushkoffMail to get updates and newest writing
My book Present Shock is now in paperback
Comic series Testament is now available in a single digital omnibus
PBS Frontline doc Generation Like is streaming