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<blockquote data-quote="RyanN" data-source="post: 501083" data-attributes="member: 8451"><p>It's a drop in the bucket if it comes from the legacy fund. The legacy fund earned 2 billion in interest last fiscal year. Only 5% of the principal of the legacy fund can be spent over two years. That 5% equal like 750 million (for two years). Cost of Measure 2 is estimated at 124 million. I was against Measure 2. But after running the numbers I can see why this isn't a bad thing. Also, the household income threshhold is somewhere between 45,000 and 75,000 depending on a few things. Is that number too low based on inflation and current economy?</p></blockquote><p></p>
[QUOTE="RyanN, post: 501083, member: 8451"] It's a drop in the bucket if it comes from the legacy fund. The legacy fund earned 2 billion in interest last fiscal year. Only 5% of the principal of the legacy fund can be spent over two years. That 5% equal like 750 million (for two years). Cost of Measure 2 is estimated at 124 million. I was against Measure 2. But after running the numbers I can see why this isn't a bad thing. Also, the household income threshhold is somewhere between 45,000 and 75,000 depending on a few things. Is that number too low based on inflation and current economy? [/QUOTE]
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