Deficits deficits where are the deficits?
$13 Billion WA state. Yikes you know that means... more taxes!
$120 Million Seattle Public Schools. Oh boy hold on to your wallets!
DC has announced more federal funding cuts to sanctuary states and cities. Seattle wanted to FAAFO.
Olympia is spending $20 million suing the federal government. That's $20 million it doesn't have.
Yet some how with deficits all around Seattle Public Schools has moved forward with building a new stadium at the Seattle center site.
Seattle Public Schools has spent 100s of millions building sports stadiums at most of its high schools but now wants $100 million more in bonds for the memorial stadium project which will strap local property owners with more debt. All this when Seattle Public Schools can't meet its current operational expenses and is holding a massive perpetual bond debt that is mathematically impossible to pay off.
The district has also utilized a short-term interfund loan of $27.5 million to balance the 2024-25 budget, which needs to be repaid by June 30, 2026 Repaid with what money.
No comments:
Post a Comment