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suggestion for surplus fund use

From: domainremoved <Sharon>
Date: Sun, 4 Mar 2018 16:21:32 -0800

Dear City Council Members,

As a school principal 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,

Sharon Burns

Parent of Student at Encinal School + Encinal School Principal
Received on Sun Mar 04 2018 - 16:24:03 PST

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