Those people promoting the El Paso Independent School District’s bond issue aren’t above playing fast and loose with whatever version of the truth they’re selling.
Here’s a graph I lifted from elpasospeak.com:
That blue line represents a bond issue of $700 million, only slightly more than the proposed $669 million bond proposal. You see it’s flat, indicating no change in the tax rate.
In it, someone posting as EPISD Board Member Susie Byrd says “As the district pays down the bond, the tax rate does decrease.”
I guess technically it does decrease. In 2042.
Unless there’s another bond issue in the next twenty-five years.
As John Maynard Keynes said, “In the long run we’re all dead.”