Las Vegas Sun

January 27, 2015

Currently: 51° — Complete forecast | Log in | Create an account

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.

Join the Discussion:

Check this out for a full explanation of our conversion to the LiveFyre commenting system and instructions on how to sign up for an account.

Full comments policy

Previous Discussion: 3 comments so far…

Comments are moderated by Las Vegas Sun editors. Our goal is not to limit the discussion, but rather to elevate it. Comments should be relevant and contain no abusive language. Comments that are off-topic, vulgar, profane or include personal attacks will be removed. Full comments policy. Additionally, we now display comments from trusted commenters by default. Those wishing to become a trusted commenter need to verify their identity or sign in with Facebook Connect to tie their Facebook account to their Las Vegas Sun account. For more on this change, read our story about how it works and why we did it.

Only trusted comments are displayed on this page. Untrusted comments have expired from this story.

  1. At least with the lottery there would be a slight chance that you might get some value for your money as opposed to raising taxes.

  2. What is it, about Nevada, that it is so impossible to have a LOTTERY?

    Could it be that people have had a trust issue with the funds generated from such a lottery not going to its intended benefactor--education?

    What can be done to change systems/language/policies/laws, so that when the good People of Nevada are asking for a STATE LOTTERY, one can finally be enacted?

    This question has been going on for as long as I can remember now. GEZ!

  3. There are two things that could help, if not solve, our education funding problem: Remove the restrictions from our state constitution that prevents placing mining on the same tax footing as others and also allow us to have a state lottery.

    Of course, no amount of funding will be adequate if it is not spent wisely.