Las Vegas Sun

November 19, 2017

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Letter to the editor:

Bond idea for schools could backfire

Two letters to the editor last month suggested Nevada should issue a “Hope Bond” to provide additional money for education.

Although that would provide money for today, the state would have to borrow more in the future to pay interest on the bonds as well as repay the principal amount of the bonds at maturity. This idea would just put the state deeper in debt.

Besides, what would prevent our politicians from reducing current levels of education spending equal to the funding raised from Hope Bonds? The answer is nothing. This is exactly what Colorado did in the 1980s with lottery money for education and other specified uses.

If we want to help education, we should give our time and money directly to local schools. We should keep it out of the hands of politicians and bureaucrats as much as we can.

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