TESD Budget With Tax Hike To Be Discussed March 11.

TESD Budget With Tax Hike To Be Discussed March 11. This will be an excellent time to ask the board about T-E’s Annual Comprehensive Financial Report (ACFR).

There is no deficit.

There is so much money in T-E’s Annual Comprehensive Financial Report (ACFR), in bank accounts, investments, and enterprise activity that a fund could be set up to end taxation forever. The amount in the ACFR is typically 4 to 8 times the amount listed on the budget. Background information on the ACFR (formerly known as CAFR) is here:
https://cafr1.com/

Tax Retirement Fund information is here:
http://TRFA.us

Ignore the first part of the site and scroll down to:
The Big question of ending all taxation?

Well managed defined pension funds have been around for a long time. A defined benefit plan, more commonly known as a pension, offers guaranteed retirement benefits for employees. Defined benefit plans are largely funded by employers, with retirement payouts based on a set formula that considers an employee’s salary, age and tenure with the company.

A similar fund could be set up with TESD’s ACFR and could end taxation forever.