Role of Government Is not to Subsidize Big Businesses

Dear Editor,
    The role of local government is not to subsidize billion-dollar businesses like Formula One racing; this is the function of Wall Street and should be accomplished by selling stock to investors who wish to take these risks. I suggest the $4 million would be better invested in our local education system, investing in highly qualified educators to educate our next generation of children. Alternatively, if the City Council doesn’t find that a worthy cause (somehow I doubt they do), maybe they could pay residents to xeriscape their properties and address the business of water conservation. Providing education and clean water to current and future Austinites is the primary responsibility of local government not subsidizing professional auto racing. In fact, I believe that doing so is a breach of the council's fiduciary responsibility to all residents of Austin. Aren’t you ever angry with how our elected officials spend/waste our tax dollars too? If so, please take three minutes and email or call the City Council today and tell them you oppose funding Formula One racing.