How many school bonds are on our tax bill now?

Hi Joan. Unless your property is in the Ravenswood School District, this bond will not be assessed to your property. I am glad to see that the Ravenswood District getting some funds that will ultimately help a student population that struggle greatly compared to their affluent peers in the other neighboring districts. One bond or parcel tax will not resolve the issues facing Ravenswood students but it is a start.

Joan, if you are in the Menlo Park City School District, the outstanding bond debt is $136.9 million. That's up from the prior year $114.7 million thanks to refinancing.
See: Web Link
EXCERPT:
"To fund MPCSD’s facilities expansion and improvements, our voters have overwhelmingly approved three bond measures: a $22 million bond measure in 1995 with 82% voter approval (the “1995 Bonds”), a $91.1 million bond measure in 2006 with 70.6% voter approval (the “2006 Bonds”) and a $23 million bond measure in 2013 with 75.3% approval (the “2013 Bonds”). MPCSD appreciates our community’s support of our previous bond measures."

Total original bonds issued was $136.1 million.

From information provided to me by Ahmad Sheiksoleslami, MPCSD Chief Business & Operations Officer, I have calculated that service on that debt, which is paid for from your property taxes, is scheduled to average $10.43 Million/year for the next 25 years. Watch for it in your next tax bill. And pray that the current real estate bubble doesn't burst.

A spreadsheet which I have created, "MPCSD Annual Debt Service Schedules" is available on request from jack@xshcd.com I will also include the communication from Ahmad.

I forgot to mention that property taxes collected for debt service on the MPCSD bonds does not pass through the district's budget. If it did, it would reveal an additional $3,000 per ADA.

"I forgot to mention"

Yes, some posters forget to mention quite a bit. We "forgot to mention" that the above poster has not made a post on this site suggesting he approved of any bond measure to improve our schools, our quality of life or our community. Ever.

Not a one. Compared to negative comments on virtually and measure since this site went up over a decade ago.


Ya know, Jack, there are other states that pay little tax and offer even less service.

Like: the libertarian laboratory called "Kansas"


Web Link Where Republicans Went Wrong in Kansas -
Governor Sam Brownback confronted a fiscal crisis of his own making, and nobody’s happy with the outcome


Web Link - Kansas Is Totally Screwed - Sam Brownback's tax cuts are wrecking the state's budget.


and most current, from Bloomberg, how so-called libertarian tax ideals fail in untold ways


Web Link Taxpayers Call Themselves Businesses as Kansas Tax Plan Founders - "This is only going to get worse." State Representative Mark Hutton


Some folks want to build upon our great community and support future generations of Americans.

Some don't.

*any measure (not 'and')

I didn't approve of Measure A, the "Best Schools Proposal" in 1991 either. Neither did the voters as they overwhelmingly defeated this 1/2% sales tax which would have funded yet another bureaucracy.
See: Web Link