Election 2018: $49.5 million bond for Portola Valley schools on ballot | Town Square | Almanac Online |

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Election 2018: $49.5 million bond for Portola Valley schools on ballot

Original post made on Oct 4, 2018

A $49.5 million bond to pay for repairs, renovations and new buildings on the Portola Valley School District's two campuses is on the November ballot as Measure Z.

Read the full story here Web Link posted Thursday, October 4, 2018, 9:01 AM

Comments (4)

12 people like this
Posted by No on Measure Z
a resident of Portola Valley: Central Portola Valley
on Oct 4, 2018 at 12:31 pm

Maintenance we could get behind. This bond measure is an abuse of local residents to keep ponying up for a district that ignores accountability for what it considers necessary expenditure. No financial oversight, no explanation, no real details, just 'give us your $$$$ and we'll spend it'. We want our donations directed to those who NEED it. Categorial NO.

13 people like this
Posted by Mark Hinkle
a resident of Atherton: other
on Oct 4, 2018 at 2:03 pm

This statement "Portola Valley School District Superintendent Eric Hartwig said a majority of the bond money will go to new construction,..." is misleading.

The real truth is that a majority of the funds raised by this bond measure will likely go to the bond holders.

To say the total cost, including principal and interest is $97.5 million assume that bond rates will remain the same over the course of the next 25-30 years and no one has that good of a crystal ball...no one.

All school bonds, when sold in the market place, are subject to market rates, which in turn, are subject to inflation rates and frankly competition with other bonds.

The $97.5 total cost figure is simply an estimate, a guess of what future bond rates are going to be.

But, as history teaches, no one knows the future.

Cudo's for The Almanac for include the estimated real total cost of the bonds.

Truth in lending laws for home mortgages require banks to tell borrowers the real cost of buying a home via a mortgage. Bond measures for school should also require disclosure to voters that the real cost is double the stated amount in the ballot summary.

The smart vote on Measure Z is no!

10 people like this
Posted by Supreme mistake
a resident of Portola Valley: Ladera
on Oct 4, 2018 at 5:09 pm

This vote is going to divide the town of Portola Valley like the Supreme Court nomination is dividing the country. We all know the reasons why it shouldn't go through: no trust in the school district; obfuscation of the truth; failure to provide clear guidance; lack of oversight; questions of integrity made but not heard/answered by those in favor of bond; but we're almost powerless to stop it with a 55% majority vote. Huge mistake we'll be paying for for years. Country and town wide. Dark days.

14 people like this
Posted by Frustrated
a resident of Portola Valley: Westridge
on Oct 4, 2018 at 5:23 pm

Please don't vote for this. You can support our schools in many ways but this is a ridiculous project that's been rammed through despite community opposition. It's misguided and undisciplined and insulting. Even if it made sense It just costs too much for a tiny district with declining enrollment.

Voting against this doesn't mean you're against the schools or teachers or kids. It means you're against the disingenuous process that got us here. You SHOULD support the schools and the kids, so please donate to the foundation for music and arts and science. Please give your time volunteering.

But please don't vote for this. What ails our schools isn't the buildings. They're fine with competent upkeep (and haven't even been paid for). It turns out you CAN fix the plumbing under the gym, and there ARE electricians and roofers who will take care of the other items for a good deal less than $97 million. I've called service people for my house many times - it works!

The issue is an administration that neglected the buildings for years and then decides the only solution is to spend over $150,000 per student on shiny new buildings that they will probably neglect as well (fool me once). They're nice people, but the track record on repair and maintenance isn't great. Go back and search the Almanac website for "portola valley schools maintenance" and read the comments to the articles. Get the whole picture, then vote with your head and donate with your heart.

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