The USD 259 school bond issue.....separating fact from fiction

yeah in a way in the sense that like our taxes are slated to go down as of this moment right now because the bonds are going to be paid off here in 259 so the question then is what happens when those taxes expire if we vote yes on these questions your taxes they're not going to stay flat they are going up because our taxes are scheduled to go down

right

KPI and saying we're not taking a position on the actual bond issue folks can make that decision for themselves but to go into it eyes wide open and say your taxes are scheduled to go down as of this moment and then these votes here in just a couple of weeks are going to increase your taxes because they're going to go from essentially zero to significantly more.

I love that analogy.

And I try to explain this to folks, that that is literally what we're talking about here.

And I saw somebody just did an analysis.

The average home in Wichita is $250,000.

So that tax cut is about $198 a year.

And in 2028, that's what you're going to get.

If you have an average home, you get an average tax cut of about $200.

Conversely, if this passes, you lose that.

That's basically a $200 a year tax increase is effectively what it is.

If the other half passes, well, that's another tax increase.

So people don't understand that.

This is all a tax increase.

Well, and I don't think typically our property values don't go down very often.

Our valuations don't go down very often.

So if that's the number today...

Exactly.

Right.

Einstein said the most powerful force in the universe is compounding interest.

Right.

Right.

So if you're getting a 5, 7% increase year after year after year after year.

Oh, wait a minute.

yeah in a way in the sense that like our taxes are slated to go down as of this moment right now because the bonds are going to be paid off here in 259 so the question then is what happens when those taxes expire if we vote yes on these questions your taxes they're not going to stay flat they are going up because our taxes are scheduled to go down

right

KPI and saying we're not taking a position on the actual bond issue folks can make that decision for themselves but to go into it eyes wide open and say your taxes are scheduled to go down as of this moment and then these votes here in just a couple of weeks are going to increase your taxes because they're going to go from essentially zero to significantly more.

I love that analogy.

And I try to explain this to folks, that that is literally what we're talking about here.

And I saw somebody just did an analysis.

The average home in Wichita is $250,000.

So that tax cut is about $198 a year.

And in 2028, that's what you're going to get.

If you have an average home, you get an average tax cut of about $200.

Conversely, if this passes, you lose that.

That's basically a $200 a year tax increase is effectively what it is.

If the other half passes, well, that's another tax increase.

So people don't understand that.

This is all a tax increase.

Well, and I don't think typically our property values don't go down very often.

Our valuations don't go down very often.

So if that's the number today...

Exactly.

Right.

Einstein said the most powerful force in the universe is compounding interest.

Right.

Right.

So if you're getting a 5, 7% increase year after year after year after year.

Oh, wait a minute.