News

SRVUSD holds initial talk on future general obligation bond, parcel tax planning

Staff set to return for more in-depth trustee review in fall

For many, the summer is a popular time for undertaking projects like cleaning out the garage or doing some house maintenance. For their summer project, administrators at the San Ramon Valley Unified School District will explore potential general obligation bond and parcel tax plans for the future.

During what Superintendent Rick Schmitt called a “very preliminary discussion,” school board members gathered on Friday morning to review the future possibilities of local funding concepts and to review the status of current general obligation bonds and parcel taxes.

“(This is) to do more work to engage with more professionals, keep people updated along the way, as we do with updates on multiple topics throughout the summer, and do some work and bring it back to you with more detail,” Schmitt said just before the board gave their consent for staff to continue collecting information. “Over the next three months, we want to shape up the vision and the concept with some specificity for you.”

According to chief business officer Greg Medici, components of a future general obligation bond might include investments into staff housing -- which could generate its own revenue -- or various facility investments that cover safety improvements and campus modernization efforts.

However, district officials stressed that planning is still in the preliminary stages and much more consultation is needed with experts, teachers and the at-large community Plus, issuing a general obligation bond or seeking a parcel tax would require a vote of approval from the community.

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Staff will continue to gather information over the summer, and are expected to present the board with additional information in the fall.

In other business

District officials also tabled a discussion on a contract of approximately $1.5 million, which will go toward the completion of the long-delayed Stone Valley Middle School modernization project, to next week -- doing so in order to finalize some legal language in the contract, according to district officials.

The $1.5 million, which was included in the project’s original budget approved by the board in 2016, will go toward time and materials needed by a project contractor, McGrath Electric, to finish the project.

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SRVUSD holds initial talk on future general obligation bond, parcel tax planning

Staff set to return for more in-depth trustee review in fall

by /

Uploaded: Fri, Jun 7, 2019, 3:19 pm
Updated: Sun, Jun 9, 2019, 7:09 pm

For many, the summer is a popular time for undertaking projects like cleaning out the garage or doing some house maintenance. For their summer project, administrators at the San Ramon Valley Unified School District will explore potential general obligation bond and parcel tax plans for the future.

During what Superintendent Rick Schmitt called a “very preliminary discussion,” school board members gathered on Friday morning to review the future possibilities of local funding concepts and to review the status of current general obligation bonds and parcel taxes.

“(This is) to do more work to engage with more professionals, keep people updated along the way, as we do with updates on multiple topics throughout the summer, and do some work and bring it back to you with more detail,” Schmitt said just before the board gave their consent for staff to continue collecting information. “Over the next three months, we want to shape up the vision and the concept with some specificity for you.”

According to chief business officer Greg Medici, components of a future general obligation bond might include investments into staff housing -- which could generate its own revenue -- or various facility investments that cover safety improvements and campus modernization efforts.

However, district officials stressed that planning is still in the preliminary stages and much more consultation is needed with experts, teachers and the at-large community Plus, issuing a general obligation bond or seeking a parcel tax would require a vote of approval from the community.

Staff will continue to gather information over the summer, and are expected to present the board with additional information in the fall.

In other business

District officials also tabled a discussion on a contract of approximately $1.5 million, which will go toward the completion of the long-delayed Stone Valley Middle School modernization project, to next week -- doing so in order to finalize some legal language in the contract, according to district officials.

The $1.5 million, which was included in the project’s original budget approved by the board in 2016, will go toward time and materials needed by a project contractor, McGrath Electric, to finish the project.

Comments

bb
Registered user
Danville
on Jun 10, 2019 at 7:02 am
bb, Danville
Registered user
on Jun 10, 2019 at 7:02 am
13 people like this

No new bonds while this board and superintendent are running things. And I am a person who usually will vote yes for school bonds.


Long Term Resident
Danville
on Jun 10, 2019 at 9:09 am
Long Term Resident, Danville
on Jun 10, 2019 at 9:09 am
11 people like this

Hopefully, voters will not continue to throw money at the schools given the level of incompetence in managing it. Stop voting in new school bonds without a defined need and hold the school board accountable. Existing bonds have already financed building several new school facilities including San Ramon High, Baldwin, Stone Valley, etc. At the same time, the high cost of housing has resulted in fewer families with young kids moving here. There should be a study to determine what the future needs are before any additional monies are spent. In the future, it may even be possible to repurpose some schools for other functions if there aren’t enough students.


Carl
another community
on Jun 10, 2019 at 12:24 pm
Carl, another community
on Jun 10, 2019 at 12:24 pm
15 people like this

I have no trust in the financial decisions of this school board or administration. Mr Matthews the Cal High PE teacher warned the district in Nov 2017 that a student would drown because of their financial decision to allow 47 students into the pool. In typical district behavior he was disregarded and 6 months later Ben Curry died in a pool with PE class size of 57. This news site should make public the meeting video/audio of Mr Matthews's statement before the board.


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