On Novemeber 7th you will be asked to make a decision regarding automatic education funding in Michigan. Unfortunately for students, Proposal 5 will have very little - if any - impact on their education. Proposal 5 is a cleverly designed package that shifts the burden of skyrocketing teachers' pensions from local school districts over to the state and then over to the taxpayers. Proposal 5 is too expensive and will eventually lead to cuts to critical state services and job-killing tax increases, and has no guarentee to improve education. Moreover, Proposal 5 removes state oversight by locking in the budget with increases year after year regardless of state revenue. Proposal 5 will cripple our state budget and our economy in order to pass the burden of teachers' pensions to state taxpayers.
How much will Proposal 5 Cost?
Real the full article here (PDF): http://www.mirealtors.com/news/realtor/documents/nov066.pdf