Filed under: Motorsports
Texas motorsports enthusiasts are no doubt excited about the Circuit of the Americas. Formula One racing, along with MotoGP, will have a new home in Austin, and the United States Grand Prix is sure to attract fans and fan money. Some, however, are not thrilled at the spending decisions being made by Texan lawmakers, as they apparently feel though the money being spent to bring racing to the state could otherwise be used to help teachers keep their jobs.
How much has Texas pledged to bring F1 racing to Austin? According to Bloomberg, Texas Comptroller Susan Combs has signed off to shell out $25 million per year through 2022. That’s a massive chunk of change, and some are not too thrilled at this idea as at the same time, 100,000 teachers could be losing their jobs.
That $25 million per year figure would not be enough to save 100,000 jobs. However, it could save the jobs of 500 teachers earning $48,000 per year. While CotA is bound to bring serious tourist and racing-fan money to the Austin area, should Texas be spending $25 million when teachers across the state are likely to find themselves out of work soon? Have your say in Comments.
Texans irked about lawmakers spending $25M to woo F1 while teachers are dismissed originally appeared on Autoblog on Thu, 12 May 2011 13:01:00 EST. Please see our terms for use of feeds.
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