The Golden Hammer Staff Reports
Conroe, April 14 – Influential conservative leader Dale Fessenden called on the Conroe Independent School District’s (CISD) Board of Trustees to utilize the school district’s reserve fund rather than increased taxes in order to operate the governmental entity during the Chinese coronavirus shutdown and threat. Fessenden issued his statement by email to the entire CISD Board of Trustees on Monday morning, April 13, 2020.
Fessenden told CISD’s Board, “Remember that 100M+ ‘reserve’? This is what the reserve is for – just like the ‘family emergency fund’ that every family is supposed to have according to every financial planner on the books. This is the time to regrettably use the ‘reserve’ (CISD’s Rainy Day Fund) — NOT the time to consider tax increases on the already devastated budgets of the taxpayers.”
CISD’s most recent audited Comprehensive Annual Financial Report for the 2018-19 Fiscal Year noted, “Approximately…$134,673,794 is available for spending at the government’s discretion (unassigned fund balance).” That comprises approximately twenty percent (20%) of the annual budget of the CISD.
Local governmental entities across Texas are facing similar concerns, because beleaguered taxpayers simply are unable to bear a higher tax burden. In fact, taxpayers generally are seeking relief from taxes as well as other financial obligations, as a result of the government shutdown of the economy related to government panic over the Chinese coronavirus threat.
Fessenden is a conservative leader whom CISD officials must take very seriously. Fessenden is Chairman of the Board of the Montgomery County Eagle Forum, one of the most respected and active conservative grassroots organizations in Montgomery County. He has served as a Vetting Committee member of the Montgomery County Tea Party.
Numerous conservative leaders have begun to call upon local government entities, such as the Montgomery County government, to use accumulated fund balances rather than higher taxes in order to respond to the Chinese coronavirus threat.