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$1M

From: domainremoved <Caryn>
Date: Fri, 2 Mar 2018 14:23:22 -0800

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. We feel that if 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 made as a gesture towards filling that gap, the City should not
let this opportunity pass. With a $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 consider giving MPCSD a $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,

Caryn Wasserstein

Parent of Student at Laurel School


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Received on Fri Mar 02 2018 - 16:34:32 PST

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