The 53 Million Dollar School
53 million dollars for the new school,
Fifty-three million dollars for a new school. $53,000,000 for a new school. $53,000,000.00 for a new school. How many ways can you say Fifty-Three Million dollars for a new school without throwing up?
How many times can you see
53 million dollars for the new school, 53 million dollars for the new school,
53 million dollars for the new school,
53 million dollars for the new school,
53 million dollars for the new school,
before you realize how much actual money that is and what it will cost each taxpayer in Giles County to pay that bill.
The County Commission has been stacked with people earning an income from the school system or very supportive so you know this will pass.
Mr. Wright said "the decisions we make about the schools are going to affect the county for the next hundred years" and he is absolutely right because it will take a hundred years to pay off this debt and do away with the wheel tax that will pay for it. Consider that this 53 million dollar debt will be closer to 60 million when finance charges and cost overruns are added. If the county was able to pay just a million dollars a year on this it would take 60 years to pay it off, keep in mind there will be the continuing maintenance and cost to use those buildings. It's no wonder, Mr. Wright states it will "affect the county for the next hundred years".