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Knowledge is Power! Stop Digging the Hole!

Did you know…….From the North Texas Tea Party

Rule #1: Stop Digging the Hole!

 It is phenomenal that, with all of the incredible fiscal catastrophe that awaits us from our governmental debt at all levels, government insists on continuing to dig the hole deeper in new and ‘innovative’ ways.

Several of the latest proposed Texas Constitutional Amendments are a prime example.

■ Proposition 1

The constitutional amendment authorizing the Legislature to provide for an exemption from ad valorem taxation of all or part of the market value of the residence homestead of the surviving spouse of a 100 percent or totally disabled veteran.

■ Proposition 2

The constitutional amendment providing for the issuance ofADDITIONAL GENERAL OBLIGATION BONDS by the Texas Water Development Board in an amount not to exceed $6 BILLION at any time outstanding.

■ Proposition 3

The constitutional amendment providing for the issuance of GENERAL OBLIGATION BONDS of the State of Texas to finance educational loans to students.

(Because these programs are going belly up because students are unable- or unwilling- to pay back the massive loans taken out that put them into indenture servitude to the State. Government educating the future generations in their style of fiscal mismanagement.  Anyone hear of the Higher Education bubble?)

■ Proposition 4

The constitutional amendment authorizing the Legislature to permit a county to ISSUE BONDS OR NOTES to finance the development or redevelopment of an unproductive, underdeveloped, or blighted area and to pledge for repayment of the bonds or notes increases in ad valorem taxes imposed by the county on property in the area. The amendment does not provide authority for increasing ad valorem tax rates.

(Because no government should let the future generations escape covering the costs of redevelopment dreams of people in office and their buddies.)

■ Proposition 5

The constitutional amendment authorizing the Legislature to allow cities or counties to enter into interlocal contracts with other cities or counties without the imposition of a tax or the provision of a sinking fund.

■ Proposition 6

The constitutional amendment clarifying references to the permanent school fund, allowing the General Land Office to distribute revenue from permanent school fund land or other properties to the available school fund to provide additional funding for public education, and providing for an increase in the market value of the permanent school fund for the purpose of allowing increased distributions from the available school fund.

■ Proposition 7

The constitutional amendment
authorizing the legislature to permit conservation and reclamation districts in El Paso County to ISSUE BONDS supported by ad valorem taxes to fund the development and maintenance of parks and recreational facilities.

(New districts, new indebtedness for non-essential services.)

■ Proposition 8

The constitutional amendment providing for the appraisal for ad valorem tax purposes of open-space land devoted to water stewardship purposes on the basis of its productive capacity.

(Agenda 21, Anyone?)

■ Proposition 9

The constitutional amendment authorizing the governor to grant a pardon to a person who successfully completes a term of deferred adjudication community supervision.

■ Proposition 10

The constitutional amendment to change the length of the unexpired term that causes the automatic resignation of certain elected county or district officeholders if they become candidates for another office.

Knowledge is Power~ Click and share with your friends!

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