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June 28, 2007



"Board Member Peter Hanley added that he'd like to see the district build its budget reserve from the state-mandated 3 percent to as much as 6 percent in the years to come. That might require more belt-tightening, but it would prevent a repetition of the past year's nightmare."

If this is true then the district should look at retiring its $80 million COP debt that is drawing upon the General Fund. This loan is secured against a diminishing and unstable cash flow and which is also drawing funds out of classroom dollars.

Retiring this debt would require an $80 million reduction in new construction from the passage of Measure M.

Csea 516 member

The current board are the same clowns that got us in to this mess in the first place.I personal would not trust any one of them to a good job, come election time I wont be voting for any of them.

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