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February 09, 2007

Comments

KRN

The district must take the above action so that they do not "saddle" future administrations with debt. Sam Johnson is going to waltz into retirement in a year or two and will never have to deal with this problem again. The residents of the SMUHSD and the future leaders of our district are going to have to clean up this mess.

We must pay off this debt NOW! Not in 40 years.

Mac

Voting an amendment to Measure M is sound. Pay the debt now.

This seems like a very good suggestion. The original bond (and the supplemental one a few months ago) was pitched to the community as a method to fund the entire refurbishing of the aging high schools in the district without cutting into the district's finances. Given that this is how the bonds were publicized and how they were written (that the bond money would only be used to refurbish the buildings), I would assume that is what the public expected when they approved them.

Well, parents and the public should be aware that the current "debt recovery" plan that the district is considering is to use the general fund to help pay off the construction and its consequential debt. The general fund is the "pot of money" that funds the district's student programs and transportation, classroom expenditures, salaries, benefits, etc. In other words, this plan results in the students and teachers paying the debt and completion of the construction over the next 40 years.

NO, this is a case where the tax payers will be paying for this debt over the next 40 years along with every other new school tax that comes along.

It is time these politicians be held accountable for the actions. They should be fired, charges filed against them, and stripped of their retirement benefits.

KRN have you sent off a letter to the San Mateo Grand Jury as well as the San Mateo District Attorney requesting an investigation?

A significant amount of tax dollars that we, the taxpayers of the San Mateo Union High School District, assume will be used for educating our students will instead be used to pay off that debt. This will have a serious impact on the quality of education our students receive. In Baseball "its three strikes and your out!" How many pitches does a school board get?

KRN

Why you should worry. The San Mateo Foster City elementary district is reporting a significant increase in enrollment in the next few years due to an increase in births in the district. (Examiner 2-12-07) This increase in students some 14 years from now will have an impact upon a district that is lacking in general fund monies because they tied to interest payments for construction. The $73 million should scare you now, because it is going to become very scary in the future.

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