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Sequoia board approves $265M bond measure for June ballot

The June 3 ballot will include a bond measure asking voters for $265 million in capital improvement funds for the Sequoia Union High School District.

The five-member district board gave the measure a unanimous vote after a few minutes of discussion and encouraging words for the co-chairs of the volunteer campaign that now has to drum up support for the measure among 125,911 registered voters in the district.

An analysis commissioned by the Sequoia district shows a likely turnout 36.5 percent (45,958 voters) for a June election. State Proposition 39 allows school construction bond measures to pass if approved by 55 percent majority, which would mean 25,276 voters, using the figures provided in the analysis.

Board president Allen Weiner recommended that the campaign include data analytics in its strategies. The campaign needs to be smart about selecting audiences and matching them with projects, he said. "We want to be as lovely and attractive to all audiences as possible" and, toward that end, "to analyze and slice (data) in order to figure out how to target messaging," Mr. Weiner said.

If the measure passes, the district would have the funds to add classrooms and related facilities to address an expected increase in enrollment in district schools, including Woodside and Menlo-Atherton, of at least 20 percent over the next seven years. With burgeoning enrollment now in in the Menlo Park and Las Lomitas elementary school districts, M-A would bear the brunt of the increase in the southern part of San Mateo County.

This bond measure would add a tax of about $16 per $100,000 of a property's assessed value, bringing the overall rate to about $46 for Sequoia district property owners. The four bond measures passed by Sequoia district voters between 1996 and 2008 add up to about $30 per $100,000 in value, district officials told the Almanac.

The bonds would be paid off in 30 years, and the total would about double -- to $530 million -- with interest payments included, a district official said.

Comments

Posted by Peter Carpenter, a resident of Atherton: Lindenwood
on Mar 8, 2014 at 8:27 pm

Peter Carpenter is a registered user.

Note that the outstanding General Obligation Bond debt of the District as of June 30, 2013, is already $336,340,000.

The total requirements to amortize through 2044 these General Obligation Bonds outstanding as of June 30, 2013 is $558,520,819.

Now add $265 M more in debt which would take $530 M to retire and the DUHSD would now have a total amortized debt of $1.08 BILLION !!!


Posted by Peninsula resident, a resident of Menlo-Atherton High School
on Mar 9, 2014 at 10:31 am

> "We want to be as lovely and attractive to all audiences
> as possible" and, toward that end, "to analyze and slice
> (data) in order to figure out how to target messaging,"
> Mr. Weiner said.

Why do I have a feeling that the slicing and dicing of data will "slice" out the over 1/2 BILLION dollars of bonds already owed. If this were to pass, the district would have over a BILLION in bond debt, and not even have another full high school to show for it.

I will lend my full support to NO. And I will be happy to help fund a NO on this measure.




Posted by debt, a resident of another community
on Mar 10, 2014 at 11:33 am

Ravenswood High School: 1958-1976 (18 years)

San Carlos High School: 1960-1982 (22 years)

Does the district hold any debt related to these high schools that were closed two decades after opening?


Posted by Jack Hickey, a resident of Woodside: Emerald Hills
on Apr 22, 2014 at 4:23 pm

Seems like my earlier post following Peter has been removed. It went something like this: And that doesn't include matching funds from the state. But then, local taxpayers don't pay for that. Or do they?
[Editor's Note: If a post of yours has disappeared it was done by an outside force. We don't show that anything you posted was removed.]


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