I must say, it’s a wonderful thing that Measure B passed Tracy’s recent vote for an $82 million school bond. The students, the teachers and the school staff are all very happy, I am sure.
However, I am a home owner who strongly feels the passing of the bond is tantamount to home owner bondage. Bonds are nothing more than an insidious method to circumvent Proposition 13, which was intended to protect home owners from runaway property taxes. Now, in Prop. 13’s place, we home owners have bonds of all types, thereby increasing the cost of home ownership — and short sales and foreclosure may result.
The financial burden of funding the community’s needs of all manner of services must be paid for by all citizens, not just home owners. Home owners and non-home owners alike receive community services paid for by the home owner alone, and the non-home owners are receiving a free ride — not right!
I would suggest revenue bonds or a value-added tax or a sales tax to replace home owner obligation bonding. Such a tax or change in bonding structure would more fairly spread the financial burden now placed on home owners alone. Perhaps a statewide initiative to stop runaway bonding of home owners is now required.
Comment: Bonds alone impose a heavy financial burden on home ownership, over and above simple property taxes. First-time home buyers will find they could possibly handle the property taxes alone, but not with the added bond obligations.
Tom Rauch, Tracy