Why this is Important
Want to know how we got in this mess, why you don't know about it and why you should care? Click the links below...
... we estimate the VLF swap has cumulatively allowed counties and cities to retain an additional $2.7 billion in property tax revenues that otherwise would have been directed to K-14 schools.
—Governor's Budget Summary 2008-09
This process has made it impossible for parents, legislators, and citizens to make reasoned judgements about local school financing issues.