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A better bond for Palo Alto schools?

Original post made on Feb 21, 2008

Palo Alto school officials hope for voter support as they prepare to put a $378 million, nearly 20-year bond measure on the June 3 ballot. The money is desperately needed to modernize and expand schools facing a ballooning number of students and increasingly decrepit conditions, officials say.

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Comments (5)

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Posted by Midtown Guy
a resident of Palo Alto Hills
on Feb 21, 2008 at 7:59 pm

My head hurts! Proposing a $378 million school bond issue for which we will pay interest until 2042? But we really need $772 million over the next 20 years to do the right thing? And Measure B's 1995 old tab of $143 million is less than half paid? How big a hole of debt is this?

Someone please tell me how much is interest and how much is principal.

If it were your home mortgage you were signing, wouldn't you care to know?

Someone please tell me who accepted responsibility in the District for
the 1995 debacle. My bet is no one, or they took early retirement.

We all are choking on a sea of debt, personally, governmentally, corporately. The interest on this debt is going up, not down. Defaults are not just in home mortgages, but in financial institutions and even cities like Vallejo.

Where are the good stewards?

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Posted by qq
a resident of Barron Park
on Feb 22, 2008 at 2:31 am

Perhaps Stanford can also cover PAUSD education for Palo Alto families making less than 100k???

NO MORE DEBT - DEBT IS KILLING THIS COUNTRY! You can't just keep pulling money from a vacuum (or printing press)...

Web Link

Web Link


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Posted by Parent
a resident of Palo Alto High School
on Feb 22, 2008 at 9:42 am

The PAUSD cannot and will not spend money for the schools in a thoughtful and professional manner. History has shown that it will certainly be spent, but ineptly. DO NOT GIVE THEM ANOTHER BLANK CHECK.

VOTE NO on this school bond. Send the district a strong message this time: Get your act together or we will not provide additional funds. Vote NO on this bond and see if they get the message. It might even force them to get rid of some of the "upper management" personnel. The PAUSD is bloated at the top. They will of course cry that if the bond is not passed it will cause cuts to programs for the kids. Don't fall prey to this propaganda again. Insist that they look to cut fat from their own ranks at district office first.

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Posted by Midtown guy
a resident of Midtown
on Feb 22, 2008 at 10:03 am

Thanks, qq, for the video link to "Money as Debt"
I hope many others watch it. Very provocative!
The PA Weekly On-Line Forum opens so many doors!

Like this comment
Posted by qq
a resident of Barron Park
on Feb 22, 2008 at 3:27 pm

You are very welcome. Knowledge is power!


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