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please help the Stanford gap

From: domainremoved <Katie>
Date: Tue, 6 Mar 2018 20:59:45 -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 Council member
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 have
already increased our class sizes this year and it's getting too tight and
resources constrained. 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,Katie
RottierParent of two Students at Laurel Elementary School & Laurel PTO
President*

-- 
Thanks,
Katie Rottier
Received on Tue Mar 06 2018 - 21:02:12 PST

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