Says school bond too expensive

COURTESY TO THE BELLINGHAM HERALDNovember 1, 2013 

Regarding the school bond issue on the November ballot, I can as a retired teacher, certainly appreciate school needs. That said, a check of my property taxes showed a 32 percent increase since 2008, the beginning of the Great Recession and a significant decline in property values. In fact, it was up 8 percent this past year, four times the stated low inflation rate of 2 percent, and property values still below 2008 levels. With short-term interest rates artificially pegged at near zero and a struggling economy, now is not the time to ask property owners to ante up more and add to already rising rates.

Arthur Thomas

Bellingham

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