Texans are deep in government debt
"Texas ranks 3rd among the 10 most populous states in terms of local debt per capita. In fiscal year 2004, 84.3% of Texas’ total state and local debt burden was at the local level. We are leaving our children a legacy of debt. That’s not the legacy we want to leave future generations.
This year, more than 100 school districts are asking for property tax hikes. According to a recent Associated Press article, despite higher property values, more than 100 Texas school districts say they're being squeezed by higher energy costs and increased state standards. They have asked voters strapped by the national financial crisis to raise property tax rates this fall." source AFP
Get bond debt ratings for FBISD through 2007 at http://www.brb.state.tx.us/lgs_search.aspx?action=isd
-This may not include the RECORD bond debt that was passed at the end of 2007.
2009 FBISD Tax Hearing (On YouTube)
CLICK HERE FOR THE 2009 FBISD CONTROVERSIAL TAX HEARING (YES THEY ARE RAISING THEM AGAIN--see petition of over 500 district taxpayers asking for board accountability) --In case anyone missed it they raised the property tax rate again (4th time) in 2010 and more than likely will do so again in 2011 facing another projected 15-20 million dollar budget deficit, according to some media reports. ***NEW*** ..Petition TO STOP THE GSTC (Global Science Museum being planned at the district central office--near $30 million dollar project that superintendent Jenney is pushing): http://www.ipetitions.com/petition/stopthegcst/ (see update below on this apparently ending this project after 2 years)