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Schools need to give public more answers

January 30, 2013
The Alpena News

If we are going to vote on a millage issue that will span 10 years, I have a few questions about what really the money is earmarked for. First, just how much of the "new money" derived in the millage is going to service old debt. This is an important question. Second, if any of the money is going to fund retirement funding, then I and all of us need to know the net investment returns for each of the past 10 fiscal years, as well as one year, three year, five year, 10 year, 30 year, and since inception rolling rates of return.We need to know whether projections ever match actual returns or if these employee pensions are selling us a bill of goods.



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