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Support for $1 million gift to MPCSD schools

From: domainremoved <Stephanie>
Date: Fri, 2 Mar 2018 05:06:50 +0000 (UTC)

Dear City Council Members,
As a parent and taxpayer in the Menlo Park City School District, I am writing to express my support for Councilmember Mueller’s suggestion that the city give $1 million of its ERAF surplus to MPCSD as mitigation for the cost - estimated at $663,000 annually - of the increased school enrollment expected from the Stanford housing development. As a community funded district, MPCSD does not receive any additional revenue when it receives additional students; the district’s primary source of funding is property taxes, and Stanford is exempt from property taxes as a non-profit institution. This presents an obvious financial challenge for our school district, which is one of the hallmark's of our city.
With this $1 million gift, I believe that the City has a way to help mitigate the gap in funding between what residential units built by a tax-paying developer would generate for the school district, and the one-time donation that Stanford has made as a gesture towards filling that gap. With this $1 million gift, put into endowment along with Stanford’s gift of $1.5 million, the school district will be on track to annually generate 60% of the cost of educating the Stanford development’s students, bringing it on par with what typical housing developments generate. Please do not let this opportunity pass to maintain the strength of our schools.
Please consider giving MPCSD the $1 million gift so that when the new students arrive, as they surely will, the district will be equipped with the resources to educate them. We all appreciate the value that an excellent school district adds to our vibrant community, and with your foresight and help, we can maintain the quality that we all expect.
Sincerely,
Stephanie ChenParent of Students at Oak Knoll School and Hillview Middle School Stephanie Chenstephlai88_at_(domainremoved)
Received on Fri Mar 02 2018 - 09:09:10 PST

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