Proposition B gives you the power to do what you ask of your legislators – spend public money wisely. Does borrowing and spending $397 Million of your tax dollars on educational projects make sense to you?
Article 7, Section 1 of our constitution requires the State of Alaska to maintain a system of public education for children in our state. To meet this requirement, we need to provide safe and adequate facilities within which teachers can practice their craft. Not much to argue with there.
Prop B seeks voter approval to issue General Obligation bonds to finance construction of “library, education, and educational research facilities.” With state coffers dripping with cash that earns close to zero percent interest, why don’t we just pay for these projects outright? Why burden future cash-challenged budgets with debt repayment?