Hello Camillus! Hope all is well..In part two part of my **Learning Together series, I was going to do a Capital Project breakdown which I may save for other posts. Instead I will keep it simple as I can. I want to touch on the "Buy now pay later" financial wisdom of Debt service schedule. 👈
I have learned a lot along the way about the counterpoints to David C. Billls sales pitch involving the West Genesee Board of Education, taxation, and construction that allows David C. Bills to sell you multiple times to get you to buy in.👈
Anyway... I digress. Enough about the 926 YES votes to 1 NO vote since 2022 crew. Also, note that I could not go any further back because BoardDocs only goes back to 2022
I would expect that if I could go back even further, it would only further cement that the “YES with other people’s money” crew treats it like a lifestyle choice🤣
I will be including David C. Bills’s 2026 (or 2025 if you perfer , same same ) Capital Project as part of the references for this discussion.
Even though it failed to pass twice, this is where he and the West Genesee Board of Education, through taxation, wanted to take you twice.
Do not worry, we still have a ton of debt to pay off.💵 💳 📈
or as I have come to call it "The D.Bills System"
When I first saw the marketing back in the day, it was presented as something simple.
However the reality is this:
I want to address the elephant in the room. I tried to find a confirmed age for Mr. CEO Dr. David “Capital Project” Bills.
I am literally typing this while a steamroller shakes my house. Monday through Friday, 7:00'ish AM to 4:30 PM. No impact, Bills? West Genesee Board? No impact?
You are funny parodies of people, for sure. "9-0" "Yes"" ridculous humans
I could not find an exact number, but all logical digging estimates put his age at around 61. This would put most people in his tax bracket retiring at 65, maybe earlier. I do not know. We could FOIL it I suppose but I am pretty confident in that number.
So he will be long retired while the community he serves is still paying off the debt, that enabled him to“finish strong.” A satisfying career....he did all he could.
The diagram below shows the reality of this.
I cannot begin to delve into the internal workings of someone like David C. Bills and the West Genesee Board of Education, taxation, and construction. I can only look at the data, and I would say there is a high likelihood he will be gone by 2030, while the impact of his decisions will be felt for years. "Someone Elses Problem"
To the “if you don’t like it, move” dude, if you happen to read this, what you are really saying is:🤣
“If you don’t like being sold on putting us in debt until 2057 by someone retiring around 2030 (way before we even pay off the debit we already have), then get out of the way. I want more debt. That is the path to success.”🤣
Umm...yeah Bruh .. I am betting you also shop at Rent-A-Center. The fact that you typed that to people about there homes tells me all I need to know about you. 🤣
No matter what... never shop at Rent-A-Center. You wil be better for it.
Anyway, I will be talking more about the debt counterpoint in upcoming posts, but I am breaking it up to keep it digestible and clearly illustrate my point of view. I try to keep these as short and logical (tough goal with this stuff) as possible for readers.
Peace, love... and diesel fumes.
-RTN