Double whammy for Burlingame schools (by Heather Murtagh,
Daily Journal)
An upcoming spike in enrollment and a drop in funds for Burlingame schools means officials will need to reorganize priorities when it comes to modernizing and improving its facilities.
With more students and less money, the district is now exploring both short- and long-term fixes including the possibility of repurchasing the now-vacant Hoover School.
In November, voters in the Burlingame Elementary School District approved a $48.3 million bond measure to improve school facilities. Some of those funds about $1 million were lost due to the San Mateo County Investment fund holdings in the Lehman Brothers. In addition, Burlingame is expected to have 300 more students about the enrollment of Roosevelt Elementary in the next three to five years. These factors will lead to a reorganization of bond priorities to meet the district's changing needs. Details of such a priority change will be part of the discussion at the Board of Trustee's Nov. 18 meeting.
The growing enrollment makes it clear more space will be needed for the next school year, said board President Michael Barber.
Tom Williams from Enrollment Projection Consultants began studying the district's enrollment earlier this year. Results concluded the district growing from 2,500 to 2,800 peaking in about five years, Barber said.
This estimated growth coupled with a shift in funds will result in a new plan for using the bond measure.
In September, the San Mateo County Investment fund lost 4.77 percent of the $2.6 billion portfolio principal due to its holdings in Lehman Brothers Holdings, Inc. Of those losses, Burlingame's estimated hit is $1.225 million with $1 million coming from capital funds and $225,000 from the general fund. Most of the capital fund money from the investment of Measure A funds.
The $1 million loss to our capital funding will require us to review our bond projects and priorities. But in summary, it should have limited impact over the four to five year life of the bond projects,? Superintendent Dianne Talarico wrote in an Oct. 20 letter to the community.
Dreiling Terrones Bartos Architecture, which is overseeing the construction, will work with the district to adjust the Measure A plans.
One option splitting the board is the potential purchase of the old Hoover Elementary School site. A property evaluation report for 2220 Summit Drive was prepared by Bruce Paris of Foster City-based CBRE and presented this week.
If the district were to purchase the site, there are a number of alternatives for using the property as a new district office. It could simply be a district office. Or, it could be a district office with space leased to an education-related organization or with space used for a small school. Or, the site could be used as a new school.
Although the issue still splits the board, the superintendent was directed to research the potential purchase further.
To view the enrollment study or property evaluation report visit the district Web site at http://bsd.k12.ca.us.
- Written by Fiona
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