OK, we screwed up, as we acknowledged in Saturday’s paper. Here’s the correction we ran:
If Lexington-Richland District 5 voters approve a $256.5 million bond issue Tuesday, the owner of a home with an assessed value of $100,000 would pay an estimated $39.60 annually over 20 years to pay back that loan. The amount a homeowner would pay was wrong in a Friday editorial.
What we had said was that the annual cost to that theoretical homeowner would be $235.60, so we’re talking big difference. Our position had been that even if the cost HAD been that much, the acute need in the district would have been worth it. As it happens, the actual cost was so small as to be hardly noticed on most folks’ bills.
We felt bad about the embarrassing mistake, as we do about any error. In fact, when a reader wrote to us to suggest…
You guys really should address this "correction" in a more meaningful way given the gravity of the misinformation.
… I asked my colleagues for ideas on how we might go about doing that. You’ll see the result of that discussion on tomorrow’s editorial page.
We were spurred to take this extra corrective measure by the fact that some of the anti-district forces had done a pretty disgusting thing. Despite our correction, they conducted an e-mail campaign that repeated our error as though it were fact. Under the bizarrely punctuated heading, "Vote No on November, 6th!", this faction said …
As you are probably aware District 5’s $256.5 million tax increase referendum is
just 4 days away and the momentum is clearly on our side! There is much to
report in today’s edition of The
State; It was reported what the true size of the debt service tax
increase will be – $235.60 annually
for the next 20 years and that’s just on a $100,000
This is something the developers and builders pushing
this referendum do NOT want you to know!
That’s right — they don’t want you to "know" something that is a big, fat lie.
Anyway, this will be addressed on tomorrow’s page. Beyond that, all we can do is hope that it’s just as big a lie when the anti-school forces say the momentum is on their side.
There is probably no school board as well stocked with spending skeptics as the District 5 board, which has been bitterly divided in the past over bond referenda. That board is unanimously and enthusiastically supporting this bond proposal. There’s really nothing else that an objective observer needs to know about this issue. If there were anything wrong with this plan, one of those folks would have been against it.
There’s only one way to go on this — Vote YES.